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97 3rd Avenue SE Cedar Rapids, IA 52401 • Commercial - Business • Active

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Description

Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.

Property Highlights

Property Type: Commercial - Business
Building Description: 5.0 stories
Year Built: 1904

General Information

County: Linn
Listed By:
SKOGMAN REALTY COMMERCIAL Brian Rosteck 319-363-8286
Cedar Rapids MLS
$12,400,000
Est. --
Active
SQUARE FEET94,760 MLS#2507256
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Agent Name: Team Team Brown
 Agent Phone: (563) 271-3037
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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97 3rd Avenue Se, Cedar Rapids, IA 52401.

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Loan Type 30 yr Jumbo
Purchase Price $12,400,000
Down Payment $2,480,000
Monthly Mortgage Amount $61,888
Taxes $17257
Insurance $100
HOA/Dues/Fees $0
Monthly Mortage Insurance $0
Monthly Estimated Total $82,762

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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 06/24/2026. The listing information on this page last changed on 06/24/2026. 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 06/24/2026 2:05:54 PM EST) or MRED MLS (last updated Wed 06/24/2026 1:10:08 PM EST) or SCWMLS (last updated Wed 06/24/2026 1:55:18 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 06/24/2026 1:04:38 PM EST) or Cedar Rapids MLS (last updated Wed 06/24/2026 2:04:23 PM EST) or NEIRBR MLS (last updated Wed 06/24/2026 1:58:46 PM EST) or ICAAR MLS (last updated Wed 06/24/2026 2:00:44 PM EST) or ECIMLS (last updated Wed 06/24/2026 2:00:20 PM EST) or RMLSA (last updated Wed 06/24/2026 2:01:05 PM EST) or Muscatine MLS (last updated Wed 06/24/2026 2:01:46 PM EST) or No Coast MLS (last updated Wed 06/24/2026 1:54:26 PM 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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