Arvin Van Waardhuizen

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 

97 3rd Avenue SECedar Rapids, IA 52401

Commercial · 94,760 Sq. ft. | 0.66 Acres
$12,400,000 Active

97 3rd Avenue SE Overview

Time on Site:
308 days
Visits:
67

Exceptionally Restored Historic Five Story Building on the river front and in the heart of downtown Cedar Rapids. Building construction is brick, steel and concrete with extensive renovations in 2016 including solar, high efficiency HVAC, elevators, roof, & windows. 32 stabilized market rate apartments, 61,500 SF of redeveloped commercial space that is 65% occupied with long-term tenants, 48 interior parking stalls provide additional income. The vacant commercial space is finished and furnished. Contact listing agent for NDA.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

97 3rd Avenue SE Facts & Features

  • Type Commercial
  • Sq. ft. 94,760
  • Price/Sq.ft. $131
  • Lot 0.66 Acres

Details

General

Building Information

  • Year Built: 1904

Business Information

  • Business Name: Smulekoffs

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: SE Quadrant
  • Postal City: Cedar Rapids

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 168866.0

General Information

  • Inclusions: Building,Land
  • Listing Terms: Cash
  • Parcel Number: 142820700300000
  • Property Sub Type: Investment
  • Property Type: Commercial Sale
  • Zoning: U-DC

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: true
  • Building Features: Elevator(s),Loading Dock,Multi-Tenant,Overhead Doors,Private Restrooms
  • Flooring: Concrete,Wood
  • Living Area: 94760.0
  • Stories: 5
  • Stories Total: 5
  • Window Features: Display Window(s)

Exterior

Parking Information

  • Parking Features: Off Street

Lot Information

  • Lot Size Acres: 0.66
  • Lot Size Area: 0.66
  • Lot Size Dimensions: 28750
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Roof: Membrane

General Information

  • Exterior Features: Sprinkler/Irrigation
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available

97 3rd Avenue SE Neighborhood

Community

52401 (Cedar Rapids) Demographics

34
Median Age
1,624
Population Density (per sq. mile)
46%
College Educated
$39,361
Estimated Median Income
242
Estimated Total Home Owners
901
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

97 3rd Avenue SE Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

97 3rd Avenue SE Market Data

Based on the last 30 days in this zip code

$350,204
Average List Price
$244
Average Price per Square Foot
2
Properties Sold
75
Average Days on Market
11
Properties for Sale
Calculations provided by Reliance Network

97 3rd Avenue SE History

Date Event Value Agent
10/14/2025Source: Cedar Rapids Area MLS Price Reduction
$12,400,000 -6.6%
8/25/2025Source: Cedar Rapids Area MLS Added to Database
August 25, 2025
Listing provided courtesy of SKOGMAN REALTY COMMERCIAL- MLS# 2507256MLS Provider