Historic Multifamily Conversion
For Sale
Contact for pricing
860 17th St SE, Cedar Rapids, IA 52403
Historic property with 44 units plus common areas, a large commercial kitchen, storage, shop, laundry, offices, and garage.
Property SizeContact for details
Days on Market116
Property Features for 860 17th St SE
General Information
Standard status
Active
Property subtype
Multifamily, Special Purpose
Additional Details
Business Included
Yes
Multifamily Units
44
Listing Agency:
Skogman Commercial Group Penthouse Commercial
Listed By:
Karl Hoffman · License #IA S39811
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 22 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skogman Commercial Group Penthouse Commercial
Investment Insights
Based on property information with market context.
This historic multifamily property offers 44 units and multiple common areas designed for use as lounges and activity space. The building also includes a large commercial kitchen, a large storage area, a shop, laundry facilities, offices, and a garage, supporting flexible redevelopment and operational needs.
The property is presented for conversion to apartment and/or affordable workforce housing. Public remarks indicate the project may qualify for CDBG disaster grant funding through an RFP process expected later this year.
Overall, the asset combines residential unit capacity with on-site support spaces such as foodservice, storage, laundry, and workspace, making it well-suited for a conversion plan that retains and repurposes existing improvements.
The property is presented for conversion to apartment and/or affordable workforce housing. Public remarks indicate the project may qualify for CDBG disaster grant funding through an RFP process expected later this year.
Overall, the asset combines residential unit capacity with on-site support spaces such as foodservice, storage, laundry, and workspace, making it well-suited for a conversion plan that retains and repurposes existing improvements.
Key Highlights
- Historic property with 44 units plus common areas for use as lounges and activity space
- Includes a large commercial kitchen and large storage area
- On‑site shop, laundry facilities, and offices
Property Analytics
Current Use
Lease Details
44
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic property with 44 units plus common areas, a large commercial kitchen, storage, shop, laundry, offices, and garage.
Where is this apartment building located?
The property is located at 860 17th St SE Cedar Rapids, IA.
What are key features of this property?
This property features: Historic property with 44 units plus common areas for use as lounges and activity space; Includes a large commercial kitchen and large storage area; On‑site shop, laundry facilities, and offices
