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About This Home
This 0-bedroom, 0-bathroom commercial at 901 Oakland Road NE in Cedar Rapids, IA is listed for $350,000 ($63 per sqft). Built in 1913, the home offers 5,524 sqft of living space on a 0.38 acres lot.
Excellent multi-use commercial investment opportunity with strong income potential and major improvements already completed. Main level shop space is currently leased through 2029 providing stable long term income. Property also includes an updated 2 bedroom apartment upstairs that is currently rented, along with additional storage space in the rear half shop and apartment area.
A huge clean basement offers outstanding potential for additional storage, workspace, or future value add opportunities. Extensive updates include a new parking lot in 2025, updated siding, all new electrical throughout, new furnace for the main level shop in 2025, updated storefront improvements including repainting and awning renovation, new stoop, planter removal, new front door and display window frame, plus multiple updated bathrooms.
Water heaters replaced in 2013 and 2019. Excellent opportunity for investors seeking a value add property with existing tenants and future upside potential.
Key Features
- Built in 1913
- 0.38 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,872/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
901 Oakland Road NE
Cedar Rapids, IA 52402
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 901 Oakland Road NE is listed at $350,000 ($63/sqft). The estimated monthly payment is $1,517 based on 20% down at 6.5% interest.
Key features include: Built in 1913, 0.38 acre lot.
This property is listed by Chad Gloede and can be reached at (319) 395-0101 or chad.gloede@realestateconcepts.net.
