Sale Price $825,000 - MLS: 202400745
This versatile multi-tenant office building offers significant future leasing potential and is strategically positioned in a sought-after area with excellent connectivity to major transportation networks, including Highway 100 and I-380. Spanning 7,360 square feet on over 1.5 acres, the property features ample onsite parking with 44 spaces, providing convenience for tenants and their clients. Built in 1992, the building has seen recent updates to Suite A, adding a modern touch to its interior. Currently configured for two tenants, it offers a flexible setup that allows for continued multi-tenant use or conversion to a single-tenant layout, maximizing leasing opportunities. With Cedar Rapids Pain Associates occupying 4,106 square feet under a NNN lease at $11.75/SF through January 31, 2025, the property already generates stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this office building represents a unique opportunity to capitalize on a prime location and secure long-term value.
MLS #: 202400745
Sale Price: $825,000
Year Built: 1992
Sq Ft: 7360.0
Business: Medical Or Dental, Office Building
Construction: Frame
Floor Type: Carpet
Financing:
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage: 1.64
Lot:
Frontage: County Road, Paved
Energy Generation:
Heat/Cooling: Central, Central Air
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: GLD Commercial Real Estate Advisors - Agent: Angie Glick - Information furnished by Iowa City Area Association of Realtors