620 3Rd St Coggon, IA 52218

Property Details for 620 3Rd St

Year built

1992

Construction

STEEL FRAME

Lot size

2.91 lot acres

Property size

12,000 SF

Property type

Warehouses

APN

02-10-3-01-006-0-0000

APU

21030100600000

Description

This exceptional Coggon, IA commercial property presents a rare investment opportunity. The property encompasses a substantial 12,000 square foot warehouse, complemented by eight individual 10'x20' storage units, each featuring an 8' garage door and convenient access from 3rd Street South. Currently, five storage units generate monthly rental income, offering immediate cash flow and significant upside potential for increased rental rates. Recent improvements enhance the property's value and functionality. These include a complete overhaul of the electrical wiring and the installation of new shop lighting. A newly constructed 1,000 square foot office space boasts a modern mini-split HVAC system and is divided into two private offices and a storage area. Two new bathrooms have been added, facilitated by the installation of a new waterline. Exterior enhancements include attractive ornamental iron fencing and a secure chain-link yard enclosure. The metal roof, installed in 2022, carries a 15-year warranty. The warehouse itself is fully insulated and features a partition wall, allowing for flexible multi-tenant use. Two 12-foot overhead doors are located on both the north and south sides of the building. The property sits on a 2.91-acre lot, providing ample space for outdoor storage, parking expansion, or the construction of additional structures. The property is ready for immediate occupancy and offers significant income potential. This is a turnkey operation with strong existing income and significant room for growth.

Location Insight

City

Coggon

County

Linn

State

Iowa

Longitude

-91.5299

Latitude

42.2729

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments