2501 Melrose Drive, Cedar Falls, IA 50613

$1,395,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,395,000
MLS#
20264560
Status
ACTIVE
Type
Commercial
Subtype
Commercial Sale
Year Built
1984
Acres
2.09
County
Black Hawk
City
Cedar Falls

Property Description

Rare 2.09-Acre Commercial Opportunity in Cedar Falls Rare opportunity to acquire over 2 acres of commercial real estate in a high-visibility Cedar Falls location. Formerly home to Earl May Nursery & Garden Center, this property offers a substantial existing commercial facility with approximately 10,000+ square feet of improvements, extensive concrete parking and site improvements, and excellent potential for an owner-user, investor, or future redevelopment. The main building features approximately 7,475 square feet of retail space with HVAC, exposed wet sprinkler system, and a finished mezzanine. Additional improvements include an approximately 900-square-foot warehouse with loading dock, an approximately 1,800-square-foot greenhouse, and a 1,152-square-foot attached canopy. The property also offers approximately 39,000 square feet of concrete paving, providing significant parking and outdoor use areas. The building is in good to dated condition and offers a functional layout that could be adapted for a variety of commercial uses. Most of the existing retail fixtures have been removed, allowing a new owner flexibility to reconfigure the space for their specific needs. With over 2 acres of land, substantial existing improvements, and a prominent Cedar Falls location, this property presents a unique opportunity for a business looking for a large owner-user facility or for an investor or developer looking for a well-positioned commercial site. Property highlights include: * 2.09-acre commercial site * Approximately 10,000+ SF of total improvements * 7,475 SF main retail building * 900 SF warehouse with loading dock * 1,800 SF greenhouse * 516 SF finished mezzanine * 1,152 SF attached canopy * Approximately 39,000 SF of concrete paving * HVAC in main building * Existing sprinkler system * Excellent owner-user or redevelopment opportunity * High-visibility Cedar Falls location A unique opportunity to acquire a large commercial property with substantial existing improvements in one of Northeast Iowa's strongest commercial markets.

Additional Information

Unexempt Taxes
$29,712
Lot Size
90,953
Flooring
Concrete
Roof
Membrane

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Century 21 Signature RE- Waverly.