901 Oakland Rd Ne, Cedar Rapids, IA 52402

$335,000
5,524
SqFt

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List Price
$335,000
MLS#
2606493
Status
ACTIVE
County
Linn
City
Cedar Rapids
Living Area
5,524
Acres
0.38

Property Description

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 opportunity with existing tenants and future upside potential.

Additional Information

Days on Market
43
Year Built
1913
Stories
2
Interior Features
Storage
Cooling
Central Air
Heating
Central, Natural Gas
Roof
Membrane

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Listing courtesy of RE/MAX CONCEPTS.