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$775,000

0 Beds 0 Baths 19,233 SQFT 0.00 Acres
Type: Commercial

420 12th Avenue SE Floor 3
Cedar Rapids, IA 52401

MLS#: 2602438
Lydia Fitzgerald
Lydia Fitzgerald
Pinnacle Realty
Realtor
Phone: 319.213.1157
Office: 319.393.0900
Presented by: SKOGMAN REALTY

Property Description

 

STUDS IN-REAL ESTATE WITH A 95% TIF FOR SALE Depot Building B Commercial Space floor 3 with 5,000 Sq Ft located in the NewBo Arts & Entertainment District. Unique opportunity with excellent walkability, incredible corner visibility, signage, monument and oversized commercial windows. Build out plans available. 2 entrances- one South facing 12th Avenue (16,800+ cars / day, Source AADT) and another in the parking lot adjacent to the Newbo Market. Each floor individually owned and parceled. Secure access, inviting vestibule with sitting area, elevator access- Ambulatory, mail station, industrial modern design, large display, and 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 wood 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. Monthly HOA fee available.


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
FlooringConcrete, See Remarks
Heating Y/NYes
Interior AmenitiesStorage
Total Stories5
Window FeaturesDisplay Window(s)

General

Assoc Fee Paid PerMonthly
Building FeaturesElevator(s), Janitorial Service, Multi-Tenant, Overhead Doors, Private Restrooms, Pole Sign
CityCedar Rapids
Construction MaterialsPre-Cast Concrete
CoolingCentral Air
CountyLinn
Directions12th Ave SE adjacent to the Newbo City Market
ElectricSee Remarks, 220 Volts
HOAYes
HOA Fee$1374
HeatingCentral, Gas
Lease Considered Y/NNo
Legal DescriptionSalon Lofts on 12th, Condo Unit B-3
Lot Size UnitsAcres
MLS AreaSE Quadrant
ModificationTimestamp2026-06-08T18:42:34.810-00:00
OwnerPaysSee Remarks
PossessionImmediately
PostalCityCedar Rapids
Property Sub Type AdditionalInvestment, Special Purpose
Property SubtypeInvestment
Property TypeCommercial Sale
RoofMembrane
Security FeaturesSecurity System, Security Lights
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count5
Tax Annual Amount$17,472
Unit Number0
UtilitiesElectricity Available, Natural Gas Available
Virtual TourClick here
Year Built2016
ZoningComm UNG
Zoning DescriptionComm UNG

Exterior

Exterior AmenitiesSprinkler/Irrigation
Lot DimensionsCommon
Lot Size Acres0
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

  

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$775,000

0 Beds 0 Baths 19,233 SQFT 0.00 Acres
Type: Commercial

420 12th Avenue SE Floor 3
Cedar Rapids, IA 52401

MLS#: 2602438
Lydia Fitzgerald
Lydia Fitzgerald
Pinnacle Realty
Realtor
Phone: 319.213.1157
Office: 319.393.0900