*INVESTOR ALERT* Exceptional opportunity to own a historical building in downtown Cedar Rapids with an NOI of $144,000+ in place. ‘The Warehouse on 3rd’ is a unique and well-cared for building, featuring onsite parking, beautiful hardwood floors, exposed beams, tall ceilings and natural light. Only two blocks away from the NewBo District and surrounded by amenities. Tenants include a salon, interior design studio, chiropractor, architecture studio, two landscape architecture studios, law firm, fitness studio, masonry construction company, logistics company, massage therapist. An opportunity for an owner/ occupant with 1,648 SF available on the top floor. The adjacent parking lot, parcel #14281-37002-00000 is included in this sale. Please contact Listing Agent for rent roll information and a list of reserved prospects.
Longest established coffee shop in downtown CR. Recently renovated. Updated furniture and equipment with projected 2024 sales of over $150,000. Great opportunity for an owner operated business. Landlord will allow assignment of lease to a qualified buyer. Common area in food court can be utilized for larger events plus outside seating is permitted. Seller is a licensed Realtor in the state of Iowa.
Excellent opportunity to buy a TURN KEY well established bar/restaurant in a great Cedar Rapids location!! And the new bike trail will run right past it! You could own The Keg!! Completely remodeled in the last year this establishment sets up for a great place for patrons to have a great meal or to kick back after a long day!! Completely updated kitchen with new electrical, coolers, freezer, grills and more!! Does come with all the equipment and also a point of sale system! Updated HVAC. The list goes on and on!! Seller is willing to sell on contract with the right amount of down payment. Ask for details!! Inventory list attached.
Prime Investment Opportunity in the Heart of the NewBo District. This exceptional property is located in the vibrant and growing NewBo District, a hub for thriving local businesses. The building boasts a diverse range of tenants, with popular restaurants Brewhemia and Lacayo anchoring the main level. Additionally, an administrative office for the well-known Watts Group adds to the commercial appeal. The second floor features The Olympic South Side Theater, a stunning event space ideal for weddings, concerts, and private gatherings. The sale also includes an adjacent parking lot, adding significant value and convenience. For further details, contact the listing agents.
Property sold as is, where is. Title to be conveyed via Special Warranty Deed. Schedule Showing by contacting the Listing Agent
The median home value in Cedar Rapids, IA is $184,900. This is lower than the county median home value of $208,200. The national median home value is $338,100. The average price of homes sold in Cedar Rapids, IA is $184,900. Approximately 64.84% of Cedar Rapids homes are owned, compared to 27.36% rented, while 7.81% are vacant. Cedar Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cedar Rapids real estate agent to arrange a tour today!
Cedar Rapids, Iowa 52401 has a population of 136,512. Cedar Rapids 52401 is less family-centric than the surrounding county with 29.32% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Cedar Rapids, Iowa 52401 is $63,170. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Cedar Rapids 52401 is 36.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36 inches per year, with 28.3 inches of snow per year.