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118 3rd Avenue SE Cedar Rapids, IA 52401 • Commercial - Office • Active

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Description

Historic, renovated 8 story and 2 story office buildings in the center of downtown revitalization. Many floors and common areas remodeled with long term track record of 85-95% occupancy. Connection to skywalk system plus several tenant amenities. Renovation project recently completed to create ADA restrooms and access, as well as exterior painting of windows, canopy/soffit, new roof and fire escape update. Great opportunity for continued revenue growth. NDA required for qualified buyers. Owners are licensed Real Estate Agents in Iowa.

Property Highlights

Property Type: Commercial - Office
Building Description: 8.0 stories
Year Built: 1918

General Information

County: Linn
Listed By:
SKOGMAN REALTY 319-366-6427 John Beardsworth
Cedar Rapids MLS
$1,975,000
Est. $12,545/mo
Active
SQUARE FEET57,552 MLS#2600222
STATUSActive PROPERTY TYPECommercial - Office
TOUR PROPERTY

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Agent Name: Lisa Lynes
 Agent Phone: (319) 330-5077
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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118 3rd Avenue Se, Cedar Rapids, IA 52401.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,975,000$1,975,000$1,975,000
Down Payment $69,125$0$395,000
Monthly Mortgage Amount $11,471$11,934$9,220
Taxes $2749$2749$2749
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,184$0$0
Monthly Estimated Total $15,980$15,259$12,545

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/04/2026. The listing information on this page last changed on 03/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 03/04/2026 10:02:45 AM EST) or MRED MLS (last updated Wed 03/04/2026 9:58:29 AM EST) or SCWMLS (last updated Wed 03/04/2026 9:55:06 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 03/03/2026 10:15:25 PM EST) or Cedar Rapids MLS (last updated Wed 03/04/2026 9:59:14 AM EST) or NEIRBR MLS (last updated Wed 03/04/2026 9:59:07 AM EST) or ICAAR MLS (last updated Wed 03/04/2026 9:58:47 AM EST) or ECIMLS (last updated Wed 03/04/2026 10:00:26 AM EST) or RMLSA (last updated Wed 03/04/2026 10:00:56 AM EST) or Muscatine MLS (last updated Wed 03/04/2026 10:00:25 AM EST) or No Coast MLS (last updated Wed 03/04/2026 9:54:18 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agent License Information: Licensed in IA

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