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912 1st Ave Cedar Rapids, IA 52405 Commercial - Business Active

  • 912 1st Ave, Cedar Rapids, IA 52405 Main Photo

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Description

Prime location on 1st Avenue, this property is just minutes away from the heart of downtown, McGrath Amphitheater, hockey arena, baseball stadium, and the soon-to-be-opened casino and entertainment center. This offering includes the building along with all furniture, fixtures, and equipment, making it a turnkey opportunity. This was home to a beloved bar and restaurant for many years, and this property is now ready to welcome a new owner. An added bonus is the apartment located upstairs, which provides additional rental income. Plus, there is a basement space perfect for extra storage. Some items taken care of recently: replaced siding & entrance doors, repaving the parking lot, hvac. A new roof just went on the building.

Property Highlights

Property Type: Commercial - Business
Year Built: 1953

General Information

County: Linn
Listed By:
Pinnacle Realty LLC 319-393-0900 Kelli Feickert
Cedar Rapids MLS
$320,000
Est. $2,080/mo
Active
SQUARE FEET3,050 MLS#2509704
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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912 1st Ave, Cedar Rapids, IA 52405.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $320,000$320,000$320,000
Down Payment $64,000$11,200$80,000
Monthly Mortgage Amount $1,535$1,884$1,961
Taxes $445$445$445
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$141$0
Monthly Estimated Total $2,080$2,570$2,506

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