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Description
Net Lease investment property at the corner of 1st Avenue NE and 21st St. NE/Cottage Grove SE. Currently fully leased to a single tenant and listed at an 8.6% cap rate, the property provides short-term investment income with owner flexibility to renew the lease or convert to owner-occupancy at the end of the term. Contact listing agent for landlord responsibilities. With a striking sanctuary, classrooms, meeting rooms, and offices, this property is well suited for future assembly and educational uses and boasts some of the highest traffic counts in our market. 48-hour notice to show.
Property Highlights
Property Type: Commercial - Business
Year Built: 1975
Lot Size: 1.18 acres
General Information
County: Linn
Listed By:
SKOGMAN REALTY COMMERCIAL
Brian Rosteck
319-363-8286
Cedar Rapids MLS
MLS ID: 2604628
Shown By
Agent Name: Kathy Meyer
Agent Phone: (309) 737-5323
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Kathy Meyer
Agent Phone: (309) 737-5323
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
2100 1st Avenue Ne, Cedar Rapids, IA 52402.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $695,000 | $695,000 | $695,000 |
| Down Payment | $139,000 | $24,325 | $173,750 |
| Monthly Mortgage Amount | $3,378 | $4,146 | $4,294 |
| Taxes | $967 | $967 | $967 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $306 | $0 |
| Monthly Estimated Total | $4,548 | $5,622 | $5,464 |