112/115 29th Street NE Cedar Rapids IA 52402
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112/115 29th Street NE Cedar Rapids IA 52402
Complete address is 112/115 29th St NE and 2900/2912 1st Ave NE. 3 historic properties restored by seller creating unique spaces for 4 commercial businesses and 4 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 1st Ave NE. 10 car overflow parking lot at 115 29th St NE. 100% leased with lease rates increasing annually. Gross income projected at $90,000 for 2025. Owners will consider individual property sales of 2900/2912/115 29th St NE, $625,000 and 112 29th St NE, $199.500. Contract sale terms available at 5% interest rate, 20 yr amort, 3 yr balloon for a qualified buyer. Additional parcel #s, 141422700200000, 14115300600003.
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