860 17th St SE Cedar Rapids, IA 52403

Listing Agency Skogman Commercial Group Penthouse Commercial

Listed by Karl Hoffman · License #IA S39811

Source Crexi

Added: Apr 11 Updated: Jul 20 at 4:10 pm Checked: Jul 20 at 4:10 pm

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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.

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

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FAQs

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