Eco Friendly
Address
420 12th Avenue SE 1st-3rd Floor Cedar Rapids, IA
Price
$ 3,655,000
Property Attributes
  • MLS#202106601
  • TypeCommercial
  • CountyLINN
  • CityCedar Rapids
  • AreaOut Of Area
  • Zip52401
  • StyleCommercial
  • Year Built2016
  • Taxes$ 53708
  • Price$ 3,655,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13680
Listing Provided Courtesy Of:
Skogman Realty Corridor
Data Source:
Iowa City Area Association Of REALTORS® (ICAAR)
Property Description

REAL ESTATE, FFE, AND INVESTMENT RENT ROLL FOR SALE Depot Building B Commercial Space FLOORS 1-3 (13,680 sq ft/ $5.50 per sq ft HOA) in the NewBo Arts & Entertainment District. Unique FINANCIAL OPPORTUNITY to own the REAL ESTATE, FFE including custom furniture, plumbing, and INVESTMENT OPPORTUNITY with current leases. TIF SCHEDULE available with 10 years remaining making this a high rate of return on your investment. Rent roll for Successful salon suites Floors 2 and 3 available. Floor 1 Approximately 2,000 square feet of flexible space and 800 square feet of additional expansion or warehouse. 8’ commercial insulated door to the rear of building where warehouse space is currently being used. 2,850 main floor square foot for available or for lease in this multi-tenant building. Each floor individually owned and parceled. 2 entrances with one South facing 12th Avenue (16,800 + cars / day, Source AADT) and another in the parking lot adjacent to the Newbo Market. Secure access, inviting vestibule with sitting area, elevator access- Ambulatory, mail station, industrial modern design, large display, or scenic windows with energy efficient UV film. The building offers exposed duct work, emergency lighting, overhead sprinklers, monitored fire alarms and extinguishers, Fiber internet, and security cameras. Convenient and up to date codes with ADA Compliance, 2 emergency stairwells, 4’6’ common hallway, drinking fountain, mop sink, kitchenette, and break room. Construction plans available with CAD access, concrete walls and flooring, gypcrete between floors 2 and 3 steel framing, and multi zoned HVAC systems and water heaters. Parking option at the front and back of the building. Immediate possession. Pass through expense includes the HOA fee to the Depot and Salon Flats. Please see additional information on expenses and rent roll. Ask about the residences on floor 4 and 5 for sale. * HOA fee monthly: $1,082 for 3 floors, HOA Salon Flats: $1,411 for 3 floors.

Price History
12/30/2021 Listed $3,655,000

General Features

Associated Document Count 9
City Cedar Rapids
Cooling Central A/C
County Linn
DOM 17
Directions 12th Ave SE adjacent to the Newbo City Market
Heating Central, Gas
Location Other
Postal Code 52401
Primary City Cedar Rapids
Property Type COMMERCIAL
Road Frontage Other
Roof Other
Sale/lease For Sale
Showing Instructions ShowingTime
Special Features None
Status Active
Street Name 12th Avenue SE 1st-3rd Floor
Subdivision IA
Type Commercial
Utilities Electricity, Natural Gas, Sewer, Water-City
Year Built 2016
Zoning Comm

Interior Features

Elevators Yes
Internet Yes

Exterior Features

Lot Dimensions Common
Lot Size None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 52401

Price
AVG $560K
$3.66M
Taxes
AVG $36,738
$53,708
Visits
AVG 14
1
Year Built
AVG 1972
2016
Walkscore
AVG 60
58
Data Provided by Walkscore ® not using MLS data

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