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625 1ST Avenue SE Cedar Rapids, IA 52401

$685,000

625 1ST Avenue SE Cedar Rapids, IA 52401
625 1ST Avenue SE photo #1

OWN THIS FULLY LEASED POWER CORNER! HIGHLY VISIBLE RETAIL/OFFICE ON 1ST AVE AT I-380 INTERCHANGE. NOI ON FULLY LEASED SPACE OF $59,509. OFF-STREET PARKING. ADDITIONAL PARKING POTENTIAL IN NEAR-BY CITY RAMPS. TRAFFIC COUNT OVER 16,000 CARS PER DAY. PYLON SIGNAGE. SALE SUBJECT TO OWNER FINDING SUITABLE 1031 EXCHANGE PROPERTY. CONTRACT TERMS AVAILABLE TO QUALIFIED BUYER. RENT ROLL AVAILABLE, WITH SIGNED CONFIDENTIALITY STATEMENT.

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Douglas Laird, CCIM, SIOR

  • Chief Operations Officer/Vice President
  • Mobile319-360-8577
  • Office319-247-5000

Scott Olson, AIA, CFM, SIOR

  • Mobile319-360-5295
  • Office319-247-5000

Property Details

Status
Active
MLS#
1501653
Property Type
Commercial
Sub Type
Office, Retail
Lot Size
11280
Zoning
C-4
Gross Tax
$12,788.00

Utilities Available

  • Gas

Building

Ceiling Height

  • 11ft-14ft

Floor

  • Carpet
  • Concrete Slab

Utilities

Heating/Cooling

  • Central Air
  • Central Heat
  • Gas Heat

Utilities

  • Gas

Terms

Terms

  • Cash
  • Contract

Lease Terms

Tenant Pays

  • Re Tax
  • Insurance
  • CAM
  • Improvment
  • Janitorial
  • Heating
  • Water
  • Electricity
  • Trash Collection

Map & Community

Driving Directions

About Cedar Rapids

Known as the City of Five Seasons, Cedar Rapids celebrates winter, spring, summer, fall, and a fifth season meant to enjoy life and all the other seasons. As the second largest city in the state of Iowa, Cedar Rapids is a vibrant city offering a dynamic arts and culture scene, a thriving downtown area with a wide variety of restaurants and nightlife and a growing urban living community. After experiencing a devasting flood in 2008, the Cedar Rapids community has flourished. With more than 1.5 billon spent for revitalization the community is booming with new and renovated entertainment venues and historic neighborhoods have been renewed. The Newbohemia district is a fast growing community offering a year round farmers marketing, local shops such as Raygun - famous for t-shirts - and aplethora of local bars and restaurants. Visit...


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  • Listing Agent: Doug Laird
  • Office: Skogman Realty Commercial
  • Data courtesy of Cedar Rapids Association of Realtors MLS