901 Oakland Road NE, Cedar Rapids, IA 52402
sale
$350,000
|
Other
Courtesy Of RE/MAX Real Estate Concepts
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.
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Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property 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
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