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Skogman Realty Logo New Active Commercial Mixed-use

112 29th Street Northeast, Cedar Rapids, Iowa, 52402, USA

USD $810,000
Reference ID:2505820 Web ID:6ad79
  • Three historic properties restored

  • Four commercial businesses and four apartments

  • Unit sizes range studio to 3-bedroom

  • 10-car overflow parking lot included

  • Located at 112/115 29th St NE and 2900/2912 1st Ave NE

Complete address is 112/115 29th St NE and 2900/2912 1st Ave NE. 3 historic properties restored by seller creating unique spaces for 4 commercial businesses and 4 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 1st Ave NE. 10 car overflow parking lot at 115 29th St NE. 100% leased with lease rates increasing annually. Gross income projected at $90,000 for 2025. Owners will consider individual property sales of 2900/2912/115 29th St NE, $625,000 and 112 29th St NE, $199.500. Contract sale terms available at 5% interest rate, 20 yr amort, 3 yr balloon for a qualified buyer. Additional parcel #s, 141422700200000, 14115300600003.
  • Transaction Type:Commercial
  • Property Type:Mixed-use
  • Status:Active
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Businesses Nearby

112 29th St NE

(0.5 miles away)
Public Transportation

112 29th St NE

(0.5 miles away)
Airports

112 29th St NE

(0.5 miles away)
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Property Highlights

  • Three historic properties restored

  • Four commercial businesses and four apartments

  • Unit sizes range studio to 3-bedroom

  • 10-car overflow parking lot included

  • Located at 112/115 29th St NE and 2900/2912 1st Ave NE