About This Home
This 0-bedroom, 0-bathroom commercial at 1569 First ave SE in Cedar Rapids, IA is listed for $249,900 ($94 per sqft). Built in 1905, the home offers 2,666 sqft of living space on a 0.13 acres lot.
Key Features
- Built in 1905
- 0.13 acre lot
Property Details
Amenities
Mixed-use investment opportunity with strong income potential! This 2,666 sq. ft. property features a vacant commercial storefront with excellent visibility along 1st Ave SE and four residential apartments, with two units currently occupied and two ready for leasing.
Recent updates include fresh paint and updated flooring, helping reduce upfront expenses. The flexible commercial space is ideal for retail, office, salon, or service-based businesses, while the residential units provide immediate and future rental income opportunities. Complete with off-street parking and a convenient location near downtown Cedar Rapids, this property offers excellent potential for investors and owner-occupants alike.
Monthly Cost Estimate
$1,337/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1569 First ave SE
Cedar Rapids, IA 52402
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1569 First ave SE is listed at $249,900 ($94/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1905, 0.13 acre lot.
This property is listed by Tina Wing and can be reached at (319) 350-9476.
