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420 12th Ave SE
Cedar Rapids, IA 52401 Downtown Cedar Rapids

$550,000 - $807,500 USD

Office Residential Condos For Sale  •  2,850+ SF

Property Details

  • Property Type Office Residential
  • Total Building Size 19,233 SF
  • Lot Size 4.37 AC
  • Building Class B
  • Year Built 2016
  • Tenancy Multiple
  • Zoning UNG
36 Transit Score
75 Walk Score

2 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 100 Office/Retail 2,850 SF $550,000 USD
  • Unit Size: 2,850 SF
  • Condo Use: Office/Retail
  • Price: $550,000 USD
  • Sale Type: Investment
  • Price/SF: $192.98 USD
Description
Fully built out office/retail condo.

Sale Notes
For Sale or Lease! This versatile space that reflects a modern and industrial atmosphere is perfect for retail, health providers or office users seeking a vibrant and attractive workspace in the heart of the lively NewBo neighborhood. Highlights include two entrances, security cameras, welcoming vestibule, restroom, kitchenette, large windows with UV tint, overhead sprinklers, fiber internet, two independent HVAC systems, an 8ft. overhead door and ample parking. This space is currently leased and possession is negotiable. TIF schedule of 7 years remaining at 95% will transfer to buyer. Floor 2 is also for sale and lease. An NDA is required to access financials. For showing instructions and other inquiries, please contact the listing agent.

2nd Floor - Unit 200 Retail 5,000 SF $807,500 USD
  • Unit Size: 5,000 SF
  • Condo Use: Retail
  • Price: $807,500 USD
  • Sale Type: Owner User
  • Price/SF: $161.50 USD
Description
Fully built out salon condo.

Sale Notes
This fully-built-out salon on the second floor offers a premium setup for salon professionals. Features include: large windows, waiting/reception area, 12 stylist stations, 4 shampoo bowls, breakroom with laundry hookups, color mixing bar, 13 built-in lockers for storage, three rooms, two pedicure chairs and 7 additional salon suites down the hall providing extra rental income. Other amenities include an elevator and stair access, large vestibule with seating, mail station, sprinkler system, monitored fire alarms, security cameras and ample
parking. The TIF Schedule has 7 years remaining at 95% which will transfer to the new owner.

Description

Mixed-use condo building located in the NewBo District directly behind the NewBo City Market and adjacent to The Depot.

Highlights

Modern finishes
Located in established retail area

Property Flyers

Amenities

  • Security System
  • Signage
  • Kitchen
  • Storage Space
  • High Ceilings
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
The Eastern Iowa 16 min - 9.2 mi
Rachel Waters 319-731-3435 GLD Commercial
Rachel Waters 319-731-3435 GLD Commercial