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Corner Of 1st Ave And 7th St I-380 Exit

625 1st Ave SE, Cedar Rapids, Iowa

$725,000
Acres: 0
MLS # 1501653
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For more information on this property, call Iowa Realty at (319) 378-6814

For more information on this property, call Iowa Realty at (319) 378-6814

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Property Information
MLS# 1501653
County Linn
Year Built 1946
Property Description
OWN OR LEASE THIS POWER CORNER! HIGHLY VISIBLE RETAIL/OFFICE ON 1ST AVE AT I-380 INTERCHANGE. 4,871 SF FULLY LEASED TO EXCELLENT TENANTS. OFF-STREET PARKING. TRAFFIC COUNT OVER 24,000 CARS PER DAY. PYLON SIGNAGE. SALE SUBJECT TO OWNER FINDING SUITABLE 1031 EXCHANGE PROPERTY. LEASE COPIES AVAILABLE, WITH SIGNED CONFIDENTIALITY STATEMENT. NOI ON FULLY LEASED SPACE OF $50,592; WITH POTENTIAL OF ADDITIONAL $8,024 NOI IF VACANT SPACE WERE TO BE LEASED. LEASE LISTING FOR UNIT B AT MLS #1608414.
size & lot
Lot Size 11280
Structure
Tax & Terms Information
Gross Taxes $12,660
Lease Information
Min. Number Months 12
Utilities
Heat CNTAIR,CNTRLHT,GASHEAT
Water CTYSWR,CTYWTR
Tenant-Owner Information
Listing courtesy of Doug Laird, Skogman Realty Commercial
Data courtesy of Cedar Rapids Area Association of Realtors MLS

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