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Listing ID: 202203802
Price: $3,100,000
Status: Pending
Address: 222 3rd Street SE*
City: Cedar Rapids
State: Iowa
Postal Code: 52401
SqFt: 101,302
Acres: 1.590
County: Linn
Cedar Rapids
Downtown Cedar Rapids adaptive reuse opportunity. Former Guaranty Bank building, Old World Theater, former Dragon Restaurant, and one parking lot offered for sale totaling 101,302 SF on 1.59 acres. *Sale includes 222 3rd St SE, 316 3rd Ave SE, 360 3rd Ave SE and 329 2nd Ave SE. Parcels: 14214-62014-00000; 142146201500000; 142146201600000; 142146201100000. Downtown Cedar Rapids is comprised of over 1,000 businesses with a daytime population of over 21,000, plus a residential population of approximately 3,200. Contact LA regarding reserved prospects.

Basic Features

Listing Price: $3,100,000
Address: 222 3rd Street SE*
City: Cedar Rapids
State: Iowa
Postal Code: 52401
County: Linn
Zoning: Urban Downtown Core
Area: Out Of Area
Year Built: 1895
Location: Corner Lot, Other
Business: Food Services, Hotel/Motel, Office Building, Retail Store, Other
Square Feet: 100, 000-200, 000 SqFt
Acres: 1.590
Lot Size: 1-2 Acres
Sale/Lease: For Sale
Rent/Lease: neither
Rent/Lease Price: $3,100,000
Days on Market: 50
Status: Pending
Documents: Aerial Photo
Possession: At Closing
Possible Financing: Cash, Conventional

Additional Features

CI Features: Additional Buildings, Other
Construction Company: Brick, Frame, Other
Utilities Available: Electricity, Natural Gas, Sewer, Telephone, Water-City
Cooling: Central A/C
Heating: Gas
Floor Type: Carpet
Gross Tax (County & City): 113528
Property Sub Type: Commercial
Roof Type: Other
Special Features: Historical
Tax ID: See Remarks
Tax Year Report: 2020
Variable Rate: no
Road Frontage: County/City Road, Pavement

Zoning Info

© 2023 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Adam Gibbs of GLD Commercial Real Estate Advisors

Contact - Listing ID 202203802

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

Data services provided by IDX Broker

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