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420 12th Avenue SE , Floor 2

Cedar Rapids, IA 52401
  • $907,500
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 2501376
UPDATED: 21 min ago
$907,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $182
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2016
County:
Area:

School Ratings & Info

Description

Investment Opportunity: Floor 2 for Sale! This fully-built-out salon on the second floor offers a premium setup for salon professionals. Features include: large windows, waiting/reception area, 12 stylist stations, 4 shampoo bowls, breakroom with laundry hookups, color mixing bar, 13 built-in lockers for storage, three rooms, two pedicure chairs and 7 additional salon suites down the hall providing extra rental income. Other amenities include an elevator and stair access, large vestibule with seating, mail station, sprinkler system, monitored fire alarms, security cameras and ample parking. The TIF Schedule has 7 years remaining at 95% which will transfer to the new owner. The investor is also selling Floor 1, though each floor is individually owned and parceled. An NDA is required to access financials. For showing instructions and other inquiries, please contact the listing agent.

Monthly Payment Calculator

© 2025 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 Key Realty. Data last updated: 2025-03-23T09:42:40.45.
www.buyandselliowa.com/homes/161044296
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420 12th Avenue SE , Floor 2 Cedar Rapids, IA 52401

  • Price: $907,500
  • Status: Active
  • On Site: 19 Days
  • Updated: 21 min ago
  • MLS #: 2501376
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,000
SQFT
$182
$/SQFT
2016
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Property Description
Investment Opportunity: Floor 2 for Sale! This fully-built-out salon on the second floor offers a premium setup for salon professionals. Features include: large windows, waiting/reception area, 12 stylist stations, 4 shampoo bowls, breakroom with laundry hookups, color mixing bar, 13 built-in lockers for storage, three rooms, two pedicure chairs and 7 additional salon suites down the hall providing extra rental income. Other amenities include an elevator and stair access, large vestibule with seating, mail station, sprinkler system, monitored fire alarms, security cameras and ample parking. The TIF Schedule has 7 years remaining at 95% which will transfer to the new owner. The investor is also selling Floor 1, though each floor is individually owned and parceled. An NDA is required to access financials. For showing instructions and other inquiries, please contact the listing agent.
Exterior Features

Construction Materials Block Pre- Cast Concrete Concrete Stone Veneer Exterior Features Sprinkler / Irrigation Parking Features Off Street Roof Membrane

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Concrete Heating Central Heating YN Yes Interior Features Storage Window Features Display Window(s)

Property Features

Association Fee 1396 Association Fee Frequency Monthly Association YN Yes Building Features Elevator(s) Janitorial Service Multi- Tenant Private Restrooms Pole Sign Business Name The Depot Bldg Electric 220 Volts Inclusions Building See Remarks Lease Considered YN No Listing Terms Cash1031 Exchange Possession Negotiable Property Sub Type Retail Property Sub Type Additional Retail Investment Security Features Security System Security Lights Sewer Public Sewer Tax Annual Amount 17452 Utilities Electricity Available Natural Gas Available Water Source Public Zoning U- NG Zoning Description U- NG

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Rachel Waters of GLD COMMERCIAL: 319-731-3400.
© 2025 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 Key Realty. Data last updated: 2025-03-23T09:42:40.45.
 
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Key Realty
4403 1st AV NE, STE 503
Cedar Rapids IA, 52402