$575,000

1855 1st Avenue SE #202

Cedar Rapids IA, 52403

Description

Highly visible 1st Avenue office building on the corner of 1st Ave and 19th Street SE. Recently renovated with a modern look and finishes both inside and outside the building. Highly trafficked location with traffic counts in excess of 26,000 cars per day. Blended rate for entire property is $8.99 NET per sqft. ***Commissions based on aggregate base rent (exclusive of any rent attributable to additional rent items such as CAM charges and property tax pass-through expenses, and exclusive of any increases to the base rent attributable to the amortization of any tenant or construction allowance that is not included in the base rent.) in the primary term of the lease. *SOC shall be calculated as follows: 3% of the 1st $1M of primary term aggregate base rent, 2.5% of the 2nd $1M of primary term aggregate base rent, 2% of the 3rd $1M of primary term aggregate base rent and 1.5% of the primary term agg. base rent thereafter.

Details

MLS#1807274
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1961
Days On Site481

Features

Story(s)1
ZoningO-S
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Area Information
StateIA
CountyLinn
CityCedar Rapids
Zip Code52403
AreaLinn
Listing VS Median (in 52403)
Price:
$575,000
low | high
Med:
$68,975
100% of Average
On Site:
481
low | high
Med:
93
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 0 - 0
Listing Updated: 09/26/2020
Craig Byers LogoMLS Number: 1807274
Listing Provided By:
Craig Byers  of  Q4 Real Estate