5005 Bowling St SW, Cedar Rapids, IA 52404
5005 Bowling St SW, Cedar Rapids, IA 52404
5005 Bowling St SW, Cedar Rapids, IA 52404
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$1,995,000
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0.4 Acres Lot
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5005 Bowling St SW Cedar Rapids, IA 52404

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Amir Elgaali

Amir Elgaali

+1(319) 855-0017

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202505206

Year Built 1999

Annual Tax Amount $64,504

Tax Year 2024

Lot Size 0.397 Acres

Acres 2.84

Property Sub-Type Office

Property Description

This office investment is well-suited for an owner-user seeking supplemental income. The property is currently configured as a four-tenant building, with three established healthcare tenants in place occupying 71% of the space. The remaining 5,090 SF is available for an owner occupant, offering the opportunity to build equity while benefiting from existing rental income. All tenants are regional healthcare providers with multiple locations across the Midwest.

Location

State IA

County Linn

Zoning Sub Mixed Use Comm Ctr

Direction On Hwy 30 take the Bowling Street exit then turn right on 50th Avenue Drive SW. The building is on your immediate right. Located on the SE corner of Bowling Street and 50th Avenue Drive SW.

Interior

Heating Central

Cooling Central Air

Flooring Concrete Slab Grade, Carpet

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, City Water

Roof Type Other

Building

Lot Size Range Two To Five Acres

Structure Type Brick

Others

Tax ID 19102-52002-00000

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Standard

Listed by GLD Commercial Real Estate Advisors

NEARBY SCHOOL & BUSINESS

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Amir Elgaali

Amir Elgaali

Agent | License ID: 66564000

+1(319) 855-0017

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5005 Bowling St SW