Parcel Details: 14214-62015-00000
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Parcel Number:
14214-62015-00000
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Computer ID:
53817
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DBA:
OLD WORLD THEATER
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Deed Holder:
ASPECT INVESTMENTS LC
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Property Address:
316 3RD AVE SE
CEDAR RAPIDS, IA 52401-0000
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Mailing Address:
221 2ND AVE SE STE 400
CEDAR RAPIDS, IA 52401-0000 USA -
Location:
Urban
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Class:
COMMERCIAL
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Map Area:
WAREHOUSE/SHOP
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Tax District:
20700 CR-SSMID
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Plat Map:
2324
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Legal Description:
GUARANTY BANK 1ST LOT 2
- Property Report:
Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
| Land Value | Dwelling Value | Improvement Value | Total Value |
|---|---|---|---|
| $189,000 | $0 | $19,300 | $208,300 |
Prior Year Value Information
| Year | Land Value | Dwelling Value | Improvement Value | Total Value |
|---|---|---|---|---|
| 2023 | $189,000 | $0 | $19,300 | $208,300 |
| 2022 | $189,000 | $0 | $47,200 | $236,200 |
| More Years... | ||||
| 2021 | $189,000 | $0 | $47,200 | $236,200 |
| 2020 | $189,000 | $0 | $44,500 | $233,500 |
| 2019 | $210,000 | $0 | $27,900 | $237,900 |
Land Information
Assessor's lot sizes are for assessment purposes only and may NOT represent actual dimensions. For more accurate, complete data refer to GIS maps, plat maps, or legal documents.
| Lot Type | Square Feet | Acres |
|---|---|---|
| Sq. Ft. W/Dimensions | 7,560 | 0.174 |
Commercial Building Information
| Occupancy | Year Built | Building Area | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Warehouse (Storage) | 1915 | 8,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sale Information
| Sale Date | Amount | Sales Condition Code | Recording |
|---|---|---|---|
| 06/26/2023 | $2,800,000 | 50 - Other with explanation | 11521/71400 |
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Building Permit Information
| Date | Number | Comments | Reason |
|---|---|---|
| 08/21/2024 | CHNG-006931-2024 | COMMERCIAL |
| retail to personal service | ||
| 02/22/2024 | BLDC-001047-2024 | REPAIR |
| TEAR OFF & REPLACE 60 MIL TPO ROOFING ON COMMERCIAL BUILDING - NO SHEATHING | ||
| 10/26/2020 | STOC-019194-2020 | UNKNOWN |
| Crane to Guarantee Bank roof at 3rd Ave SE between 2nd and 3rd the alleyway Coonrod Crane Service, 319-396-7600 | ||
| 09/12/2019 | WORK ORDER | |
| NEW PARCEL | ||
| 09/09/2014 | SIGN-026873-2014 | OFF PREMISE (B) |
| A NEW WALL SIGN 2x6=12 SF IN SIZE PRIMARY OCCUPANCY FRONTAGE. MESSAGE READS: "EMERGE SALON AND SPA" HT - 7 FT TOTAL - 9 FT NON-ILLUMINATED SIGN WILL BE INSTALLED FLAT WITH THE BUILDING (WITHIN THE RECESSED AREA). PERMIT ADDRESS: 310 3RD AVDE SE | ||
| 06/14/2013 | ELEC-007840-2013 | ELECTRIC ONLY |
| NEW LIGHTS | ||
| 02/26/2009 | UNKNWN1 | 2008 FLOOD |
| C4 2010 FOR BUILD-OUT IN SHELL/ROOF IS NEW- NO HEAT,LIGHTS OR FINISH | ||
| 07/18/2008 | BLDG055795CR | REMODEL/ALTERATION |
| CREATE 2 DOORS & ADD RESTROOMS TO 1ST FLOOR OF COMMERICAL BLDG. ADDRESS INCLUDE 302-310-316-318 3RD AVE SE - 10/17/08 MJC | ||
| 09/22/2005 | GR SLIP | WORK ORDER |
| 02/14/2001 | 2634 | ELECTRIC |
Parcel Notes
| Title | Note |
|---|---|
| BLDG 1: BSMT IS ONLY UNDER REAR 20X60 AND IS UNF STG AREA ONLY-VERY MINIMAL USE. 1ST FLR IS OCCUPIED BY A RELIGIOUS ORGANIZATION. ASSESSED BLDG AS HOTEL/MOTEL COMMON TYPE AREA. BLDG WAS ORIGINALLY AN OPEN THEATRE
TYPE AREA WITH HIGH CLGS. NEW ACOUS CLG WAS PUT IN 2000 AT AN 11' HEIGHT. THE AREA ABOVE THAT IS NOW ALL DEAD SPACE THAT WAS PREVIOUSLY THE THEATRE CLG AND PROJECTION AREA. THAT AREA IS UNUSEABLE SPACE THAT HAS BEEN SEALED OFF BY THE FIRE DEPT. 3960 SF MEZZ AREA IS A BALCONY TYPE AREA THAT ALSO IS SEALED OFF DUE TO THE RAILING NOT BEING TALL ENOUGH FOR CITY CODE. OTHER COSMETIC REMOD ALONG WITH THE CLG IN 2000 WHEN IT WAS CONVERTED FROM A THEATRE.*** LEASED,SINGLE TENANT.***LAND SF=8400.BLDG SF=8400.L TO B RATIO=1. 1-2006 BUILDING HAS BEEN COMPLETELY GUTTED WITH THE EXCEPTION OF THE BALCONY MAIN FRAMING - ADJUST OBSOLESCENCE AND SEE NEXT YEAR FOR POSSIBLE IMPROVEMENTS - BUILDING IS NOTHING MORE THAN A SHELL - COMPLETE 01/20/06 SEL 1-2007 NO CHANGE - NAV 03/06/07 SEL 1-2009 FLOOD ADJUSTED PROPERTY C-2010/// BUILDING HAS NEW ROOF,(RAISED FLOOR WAS POURED PREVIOUSLY AROUND YR-2001) .// REMOVE MEZZ-BALCONY, AC, EXTERIOR CANOPY & ALL INTERIOR FINISH/ BLDG GUTTED W/NO HEAT FOR 1/1/2009//// C4 2010 FOR INTERIOR FINISH & NEW HEATING COOLING- SP 1-2009 FLOOD ECONOMIC ADJUSTMENT 1-2010 ESTIMATED NO CHANGE - 2/18/2010 BW 1-2010 INCREASED ECONOMIC ADJUSTMENT - 4/6/2010 JC 1-2011 FLOOD ECONOMIC ADJUSTED 2/8/11 BW 1-2012 ADJUSTED FLOOD ECONOMIC 2/13/2012 BW 1-2013 COMMERCIAL FUNCTIONAL/ECONOMIC OBSOLESCENCE QUESTIONNAIRE RETURNED**** 1-2013 COMM REVAL - THIS BUILDING IS VACANT AND HOUSES THE STEAM PLANT AS WELL AS SERVES AS A WALKWAY TO PARKING AREA FROM ADJACENT BUILDING - ALL SEATING/THEATER IMPROVEMENTS HAVE BEEN REMOVED AND THE FLOOR HAS BEEN LEVELED (OPEN SPAN W/ NO INTERIOR FINISH) HEATING WAS UPDATED IN 2009 - THE PLMBG FIXTURES HAVE BEEN REMOVED AS WELL AS THE MEZZANINE AREA AND AC - 12/10/2012 1-2015 SPOKE WITH BLDG MANAGER - NO CHANGE IN USE OR CONDITION - BW 12/3/2015 1-2020 PARCELS 14214-62005-00000 14214-62007-00000 14214-62008-00000 14214-62012-00000 & 14214-62013-00000 DIVIDED INTO PARCELS 14214-62014-00000 14214-62015-00000 & 14214-62016-00000 FOR GUARANTY BANK 1ST BK 10427 PG 158 9/5/19 SAM 1-2020 REVALUE LAND AFTER DIVISION. 9/24/19 JA 1-2020 WAREHOUSE REVAL- REVALUE PROPERTY DUE TO EQUITY. 1/29/20 JKB 1-2021 NAV FOR COMMERCIAL LAND REVALUATION SEL 1-2023 BOARD OF REVIEW PETITION #1916 REDUCE FROM $224,400 TO $218,000. ADJUST VACANCY TO 40%. 5/25/23 JA 1-2023 PAAB DOCKET #2023-101-00306C - ORDER GRANTING SETTLEMENT TO REDUCE VALUE FROM $218,000 TO $208,300. |
Tax Information
| Assessment Year | Taxes Payable | Assessed Value | Taxable Value | Gross Tax | Net Tax |
|---|---|---|---|---|---|
| 2023 | 2024-2025 | $208,300.00 | $182,598.00 | $7,474.00 | $7,474.00 |
| 2022 | 2023-2024 | $236,200.00 | $208,594.00 | $8,624.00 | $8,624.00 |
| More Years... | |||||
| 2021 | 2022-2023 | $236,200.00 | $212,580.00 | $8,720.19 | $8,480.00 |
| 2020 | 2021-2022 | $233,500.00 | $210,150.00 | $8,798.00 | $8,542.00 |
Sketch
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Sketch for PIN 14214-62015-00000
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Sketch for PIN 14214-62015-00000
