COMMERCIAL INVESTMENT OPPORTUNITY
6500+ SF Brick Office Building Plus Garage!
2222 Johnson Ave NW Cedar Rapids, Iowa
Currently configured into 10 Units, Excellent opportunity for Owner/Investor
Why not house your Office in a building that will pay for itself?
Utilize for your personal offices and lease the rest out to others.
ONLINE ONLY AUCTION
Bidding ends October 30th 1:00 PM CST
Commercial building built in 1970
Lot: 93' x 407' (.87 acres)
Tax Assessment $419,000
10 Suites: 317 sq ft to 1100 sq ft
Total Square feet of building 6560
Zoned for offices; suites can be combined
Great commercial location - traffic 5001 - 10,000 cars pass daily
(Previous occupants: doctors, dentists, church, etc.)
Newer A/C, furnaces, and water heaters, 30 year shingles (8 years old)
Large lighted sign in front and side for advertising
City sewer and water, natural gas, electricity Internet: mediacom and ImOn
Walk-Out both levels
Top floor vaulted atrium
77 parking spaces
2-stall garage: newer overhead doors, windows, 30 years shingle, 4" siding, full storage above
Current income: $2757/month from 4 units
Potential income: $7378/month
Tenant pays electricity phone and cable
* * *
Call Brent Wears for a showing: 319-624-3779
Please read all terms before bidding.
1826 Mehaffey Bridge Rd NE Solon, IA, within 24 hours of confirmation of acceptable offer. If the high bidder does not perform within 24 hours, as outlined above, back
up bidder will be given the opportunity to purchase property at their last bid if approved by the seller. This auction is subject to a 10% Buyer’s Premium.
Any remaining balance will be due upon delivery of Deed and Abstract showing merchantable title at time of closing. Closing to occur on or before January 4, 2019.