Presented by: SKOGMAN REALTY COMMERCIAL
Property Description
Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.
Interior Features
Bathrooms
Total Baths0
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)Yes
FlooringConcrete, Wood
Heating Y/NYes
Total Stories5
Window FeaturesDisplay Window(s)
General
Building FeaturesElevator(s), Loading Dock, Multi-Tenant, Overhead Doors, Private Restrooms
Business NameSmulekoffs
CityCedar Rapids
CoolingCentral Air
CountyLinn
DirectionsCorner of 3rd Ave & 1st St SE
HeatingCentral, Gas
Lease Considered Y/NNo
Legal DescriptionO T LOTS 1 THRU 4 FR BLK 5 LYG N'LY OF P.O.S. #2690 & SW 1.25' VAC ST LYG NE'LY
Lot Size UnitsAcres
MLS AreaSE Quadrant
ModificationTimestamp2026-02-10T15:32:25.893-00:00
PossessionNegotiable
PostalCityCedar Rapids
Property Sub Type AdditionalInvestment
Property SubtypeInvestment
Property TypeCommercial Sale
RoofMembrane
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count5
Tax Annual Amount$168,866
UtilitiesElectricity Available, Natural Gas Available
Year Built1904
ZoningU-DC
Zoning DescriptionU-DC
Exterior
Exterior AmenitiesSprinkler/Irrigation
InclusionsBuilding, Land
Lot Dimensions28750
Lot Size Acres0.66
Lot Size Area0 sqft
Parking FeaturesOff Street
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
