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420 12Th Ave SE, Unit 2 Cedar Rapids, IA 52401

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For Sale
$807,500

Fully equipped salon with rental income potential and TIF benefits.

Building Details

Year built
2016

Source: Keller Williams Realty Legacy Group Agent Angie Glick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Built-Out Salon on Second Floor

The property for sale is a fully built-out salon located on the second floor. It features large windows, a waiting/reception area, 12 stylist stations, and 4 shampoo bowls. Additional amenities include a breakroom with laundry hookups, a color mixing bar, and 13 built-in lockers for storage. The salon also contains three rooms, two pedicure chairs, and four additional salon suites down the hall, providing extra rental income. The building offers elevator and stair access, a large vestibule with seating, a mail station, a sprinkler system, monitored fire alarms, security cameras, and ample parking. The TIF Schedule has 7 years remaining at 95%, which will transfer to the new owner. The investor is also selling Floor 1, though each floor is individually owned and parceled.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Zábava Salon Beauty Salon Summer Hair & Beauty Hair Salon Oh So Polished Nail Salon Salon Flats on 12th Beauty Salon Růže Spa Spa

Suggested Use

Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.6570535
Latitude
41.9713823

FAQs

What type of property is this?
Retail space - Fully equipped salon with rental income potential and TIF benefits.
Where is this retail space located?
The property is located at 420 12Th Ave SE, Unit 2 Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $807,500.
What are key features of this property?
This property features: - Fully built-out salon featuring **12 stylist stations and 4 shampoo bowls.**; - Generate additional rental income from **four salon suites.**; - Favorable TIF Schedule with 7 years remaining at 95% transferrable.
More about this property
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