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1202 3rd Street SE

Cedar Rapids, IA 52403
  • $3,750,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 2406170
UPDATED: 18 min ago
$3,750,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,700
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1908
County:
Area:

School Ratings & Info

Description

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.

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© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Market Real Estate Group. Data last updated: 2024-12-06T09:42:40.067.
www.buyandselliowa.com/homes/154744000
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1202 3rd Street SE Cedar Rapids, IA 52403

  • Price: $3,750,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 18 min ago
  • MLS #: 2406170
0
Beds
0
Baths
0
½ Baths
0.58
Acres
20,700
SQFT
$181
$/SQFT
1908
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Property Description
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.
Exterior Features

Construction Materials Block Frame Concrete Exterior Features Sprinkler / Irrigation Parking Features Off Street Roof Membrane

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring Concrete Heating Central Gas Heating YN Yes Interior Features Storage Window Features Display Window(s)

Property Features

Building Features Elevator(s) Kitchen Facilities Multi- Tenant Private Restrooms Pole Sign Inclusions Building Lease Considered YN No Listing Terms Cash Contract1031 Exchange Lease Lease Option Other Property Sub Type Investment Property Sub Type Additional Investment Sewer Public Sewer Tax Annual Amount 31510 Tenant Pays Common Area Maintenance Electricity Gas Heat Insurance Janitorial Service Taxes Trash Collection Water Utilities Electricity Available Natural Gas Available Water Source Public Zoning UFD Zoning Description UFD

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of John Beardsworth of SKOGMAN REALTY: 319-366-6427.
© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Market Real Estate Group. Data last updated: 2024-12-06T09:42:40.067.
 
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Market Real Estate Group
4403 1st Av Se, #503
Cedar Rapids IA, 52402