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Office Suite with Conference Room
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1241 Park Place NE, Cedar Rapids, IA 52402

Commercial, Cedar Rapids, IA

Property Size12,500 SF
Lot Size1.43 Acres
Days on Market3

Property Features for 1241 Park Place NE

General Information

Property type Commercial Sale
Property subtype Office
Zoning S-MC
Directions From HWY 100/Collins Road. North on Council, E on Park Place to Building (Behind Panera and Chili's).
Subdivision NE Quadrant
Standard status Active
APN 14032-52003-00000
Size 12,500 SF
Lot size 1.43 Acres

Taxes and HOA fees

Tax Description MILWAUKEE INDUSTRIAL PARK 9TH STR/LB 6
Tax Annual Amount 32478
Legal Description MILWAUKEE INDUSTRIAL PARK 9TH STR/LB 6

Building Details

Year built 1983
Flooring type Carpet, Concrete
Building materials Frame
Roof type Membrane
Listing Agency: Realty87 · Coldwell Banker Real Estate
Listed By: Jim Zachar
Added: Sep 25 Last Checked: Sep 27 at 1:06AM
MLS# 2606742

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Suite B offers more than 1,400 square feet of office area, arranged with an open workspace, a private office, and a conference room fitted with built-in cabinets and countertops. Large windows bring natural light into the suite. The building was constructed in 1983 with frame construction and a membrane roof; interior flooring includes carpet and concrete.

At 1241 Park Place NE in Cedar Rapids, the property is positioned near HWY 100, Collins Road, Blairs Ferry Road, and I-380. Nearby amenities include dining, theaters, parks, and schools. The site encompasses 1.43 acres and includes a spacious parking lot. The property is zoned S-MC.

Key Highlights

  • Suite B includes over 1,400 square feet of office space
  • Open workspace, private office, and conference room with built‑in cabinets and countertops
  • Large windows throughout the suite

Property Analytics

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Current Use

Travel Advisors Travel Agency SLB of Iowa Corporate Office JET Engineering Inc. Engineering Consultant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Storage Facility Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Suite B combines open work area with a private office and conference room in an established Cedar Rapids commercial setting.
Where is this office units located?
The property is located at 1241 Park Place NE Cedar Rapids, IA.
What are key features of this property?
This property features: Suite B includes over 1,400 square feet of office space; Open workspace, private office, and conference room with built‑in cabinets and countertops; Large windows throughout the suite
More about this property
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