Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1913
General Information
County: Linn
Listed By:
RE/MAX CONCEPTS
319-395-0101
Chad Gloede
Cedar Rapids MLS
MLS ID: 2603398
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901 Oakland Road Ne, Cedar Rapids, IA 52402.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $350,000 | $350,000 | $350,000 |
| Down Payment | $70,000 | $12,250 | $87,500 |
| Monthly Mortgage Amount | $1,679 | $2,060 | $2,162 |
| Taxes | $487 | $487 | $487 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $154 | $0 |
| Monthly Estimated Total | $2,268 | $2,803 | $2,751 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 05/18/2026. The listing information on this page last changed on 05/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 05/18/2026 7:02:23 AM EST) or MRED MLS (last updated Mon 05/18/2026 2:04:12 AM EST) or SCWMLS (last updated Sun 05/17/2026 11:54:39 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 05/17/2026 10:15:19 PM EST) or Cedar Rapids MLS (last updated Mon 05/18/2026 6:52:00 AM EST) or NEIRBR MLS (last updated Mon 05/18/2026 6:30:21 AM EST) or ICAAR MLS (last updated Sun 05/17/2026 11:37:30 PM EST) or ECIMLS (last updated Sun 05/17/2026 11:44:17 PM EST) or RMLSA (last updated Mon 05/18/2026 1:10:56 AM EST) or Muscatine MLS (last updated Mon 05/18/2026 2:00:10 AM EST) or No Coast MLS (last updated Mon 05/18/2026 12:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl & Ruhl Careers may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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