901 Oakland Road NE Cedar Rapids, IA 52402
Other
MLS #: 2603398
Courtesy Of RE/MAX Real Estate Concepts
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Exterior Type: Frame
- Floor Covering: Wood
- Floor Covering: Carpet
- Legal Description: DANIELS PARK 1ST (LESS CITY) E 140' STR/LB 5 4
- MLSID: 2603398
- Roof Type: Membrane
- Rooms: Basement
MAP & DIRECTIONS
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