213 4th Avenue SE, Cedar Rapids, IA 52403
MLS Number: 2601077 |
Subtype: Commercial | Area: SE Quadrant
$
2,495,000
INVESTOR OR OWNER-OCCUPANT OPPORTUNITY AT THE HISTORICAL LATTNER BUILDING. *OPPORTUNITY ZONE* Direct skywalk and parking ramp access for easy parking. This is a fully leased investment opportunity in downtown Cedar Rapids with a going-in CAP rate of 9.96%. Remaining lease term has annual rental increases in place. This property could also be available for an owner/occupant for the entire building, or a portion of the building (Contact Listing Agent for more details). The property has been well-maintained with recent updates, including newer roof top units, upgraded 1st floor zone system, key card access, security door and cameras, basement dehumidifiers.
Property
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County: Linn
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Lot Size: .193 Ac
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Acres: 0.1930
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Year Built: 1900
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Zoning: UDC
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Gross tax: $48,582.00
Building
Total Building SF: 25,110
Ceiling Height: 7ft-10ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Gas Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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