97 3rd Avenue SE, Cedar Rapids, IA 52401
Linn County
Key Facts
Description
Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.
Property Information
Property Type
Commercial Sale
Year Built
1904
Stories
5
Living Area
94,760 sq ft
Lot Size
0.66 acres
Lot Dimensions
28750
Zoning
U-DC
Days on Market
172
MLS® Listing#
2507256
Property Features
Interior
Cooling
Heating
Flooring
Parking
Roof
Windows
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$168,866
Parcel Number
142820700300000
Directions
Corner of 3rd Ave & 1st St SE
Affordability Calculator
$2,480,000
Estimated monthly payment
$65,998/mo
Principal $9,920,000 · Est. interest $13,839,283 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cedar Rapids, IA
- $309,231
- Median Listing Price
- 68
- Median Days on Market
- 1,678
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 413
- Active Listings
- This home’s price is 3910% above the area median.
- Its price per sq ft is 20% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cedar Rapids, IA.
Location
- 97 3rd Avenue SE, Cedar Rapids, IA 52401
Points of Interest in Cedar Rapids, IA
Showing the Cedar Rapids area map.
Nearby Schools
Cedar Valley Montessori School
Elementary · 0.1 mi away
Cedar Rapids Day School
School · 0.4 mi away
Hacap
School · 0.5 mi away
Xavier Catholic Schools
School · 0.6 mi away
Taylor Elementary School
Elementary · 0.7 mi away
McKinley Middle School
Elementary · 0.8 mi away
Metro High School
Secondary · 0.8 mi away
Roosevelt Middle School
Secondary · 1.1 mi away
Trinity Lutheran School
Elementary · 1.2 mi away
Harrison Elementary School
Elementary · 1.2 mi away
Holy Family School System
School · 1.3 mi away
Johnson Steam Academy
Elementary · 1.4 mi away
Wilson Middle School
Secondary · 1.4 mi away
Champions at Grant Elementary School
Elementary · 1.7 mi away
Grant Elementary School
Elementary · 1.7 mi away
Jefferson High School
Secondary · 1.7 mi away
Cleveland Elementary School
Elementary · 1.8 mi away
Garfield Elementary School
Elementary · 1.8 mi away
Franklin Middle School
Secondary · 2.0 mi away
Regis Middle School
Elementary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Lot 4 Innovation Drive SW, Cedar Rapids, IA | $9,444,483 | — | — | — |
| Lot 1 Innovation Drive SW, Cedar Rapids, IA | $13,558,050 | — | — | — |
| 1 Peregrine Way, Cedar Falls, IA | $14,000,000 | — | 15 | 78,250 |
| 2501 80th Street SW, Cedar Rapids, IA | $15,497,332 | — | — | — |
Moving Cost Estimate
EXIT Agents in Cedar Rapids
Listing Courtesy: SKOGMAN REALTY COMMERCIAL - 3193638286
Presented by: Brian Rosteck