Skip To Content

803 3rd Ave Se

Cedar Rapids, IA 52401
  • $790,000
  • STATUS: Active
  • ON SITE: 143 Days
  • MLS #: 202401000
UPDATED: 141 min ago
$790,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,760
    SQFT
  • $67
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1948
County:
Area:

School Ratings & Info

Description

Originally built as Kadlec Bros. in 1950, this building served as an auto dealership selling Studebaker cars and trucks from 1950 – 1955. For the last 20 years we have all known it as Jeff Jones Furniture. The property is located in the “2nd Avenue SE Automobile Row Historic District” and is listed on the National Register of Historic Places. The original building is 8,380 SF of showroom with some second story mezzanine/storage in both the front and the back. A steel frame warehouse with overhead door was added in 2002 for additional storage. The site has potential access to both state and federal tax credits for improvements via the National Historic District, Qualified Census Tract and Opportunity Zones. SOC: 3.5% of the first $1MM of primary term aggregate base rent; 3% of the next $1MM of primary term aggregate base rent; 2.5% of the next $1MM of primary term aggregate base rent; 2% of the next $1MM of primary term aggregate base rent & 1.5% thereafter.

Monthly Payment Calculator



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-07-14T00:26:14
www.gwenjohnson.com/homes/147793523
Print Image

803 3rd Ave Se Cedar Rapids, IA 52401

  • Price: $790,000
  • Status: Active
  • On Site: 143 Days
  • Updated: 141 min ago
  • MLS #: 202401000
0
Beds
0
Baths
0
½ Baths
0.57
Acres
11,760
SQFT
$67
$/SQFT
1948
Built
Neighborhood:
Out Of Area
County:
Linn
Area:
Out Of Area
Property Description
Originally built as Kadlec Bros. in 1950, this building served as an auto dealership selling Studebaker cars and trucks from 1950 – 1955. For the last 20 years we have all known it as Jeff Jones Furniture. The property is located in the “2nd Avenue SE Automobile Row Historic District” and is listed on the National Register of Historic Places. The original building is 8,380 SF of showroom with some second story mezzanine/storage in both the front and the back. A steel frame warehouse with overhead door was added in 2002 for additional storage. The site has potential access to both state and federal tax credits for improvements via the National Historic District, Qualified Census Tract and Opportunity Zones. SOC: 3.5% of the first $1MM of primary term aggregate base rent; 3% of the next $1MM of primary term aggregate base rent; 2.5% of the next $1MM of primary term aggregate base rent; 2% of the next $1MM of primary term aggregate base rent & 1.5% thereafter.
Exterior Features

Construction Materials BlockSteelOrMetal Lot Size Acre Range HalfToOneAcre Lot Size Dimensions 0 Road Frontage Type CountyRoadPaved Roof MetalOther

Interior Features

Bathrooms Total Integer 0 Cooling CentralAir Flooring ConcreteSlabGradeCarpetVinyl Heating NaturalGas

Property Features

Auction Online Bid YN No Business Type OfficeBuildingRetailOther Buyer Financing CashConventionalExchange Commercial Building Features DeliveryDoorDisplayWindowSecuritySystem Common Area Maintenance 0 Compensation Remarks 3.5* Expiration Date 2024-08-15 Green Verification YN No Listing Terms CashConventionalExchange Possession AtClosing Property Sub Type Commercial Special Features HistoricalNone Tax Annual Amount 23516 Tax Year 2022 Utilities ElectricityAvailableNaturalGasAvailableSewerAvailablePhoneAvailableCityWater Zoning Urban Neighborhood Gen

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Angie Glick of GLD Commercial Real Estate Advisors: 319-731-3410.



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-07-14T00:26:14
 
https://bt-photos.global.ssl.fastly.net/iowacity/orig_boomver_2_202401000-1.jpg https://bt-photos.global.ssl.fastly.net/iowacity/orig_boomver_2_202401000-1.jpg https://bt-photos.global.ssl.fastly.net/iowacity/orig_boomver_2_202401000-1.jpg
Logo
The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241