IA > Cedar Rapids
Cedar Rapids, IA 52402,2740 1st AVE NE
$2,175,000
Est. payment /mo
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9,800 SqFt
Active

2740 1st AVE NE Cedar Rapids, IA 52402

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Brenda Conyn

Brenda Conyn

+1(515) 297-4663

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 9,800 sqft

Price per Sqft $221

MLS Listing ID 2507562

HOA Y/N No

Total Fin. Sqft 9800

Year Built 1968

Annual Tax Amount $25,970

Lot Size 0.705 Acres

Acres 0.705

Property Sub-Type Investment

Property Description

2740 1st Ave NE presents a stable, 100% occupied medical office investment in the heart of Cedar Rapids. The 15,003 SF building is positioned on a 0.705-acre parcel with ample on-site parking and excellent visibility along a main commercial corridor. The property delivers consistent income backed by established healthcare tenants, generating an NOI of $146,828.76 and offered at a 6.75% CAP rate. With its central 1st Avenue location, strong tenant profile, and flexible zoning, the asset offers investors both dependable cash flow and long-term value potential.

Location

State IA

County Linn

Area Ne Quadrant

Zoning Trad Mix

Interior

Interior Features InteriorFeatures

Heating Central, Gas

Cooling Central Air

Flooring Concrete

Inclusions Building, Land

Fireplace No

Exterior

Exterior Feature Sprinkler/Irrigation

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Metal

Building

Building Description Block,Concrete, Multi-Tenant,Overhead Doors,Private Restrooms,Pole Sign

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Concrete

Others

Tax ID 141422700900000

Acceptable Financing Cash

Listing Terms Cash

Listed by SKOGMAN REALTY COMMERCIAL

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Brenda Conyn

Brenda Conyn

Agent | License ID: 63503000

+1(515) 297-4663

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2740 1st AVE NE