Class A Office
For Lease
$17 SF/Yr
118 2nd Ave SE #5th Floor, Cedar Rapids, IA 52401
Downtown suites connect to the skywalk system, with smaller configurations available through demising options.
Space SizeContact for details
Days on Market96
Property Features for 118 2nd Ave SE #5th Floor
General Information
Standard status
Active
Class
A
Zoning
Urban Downtown Core
Space & Availability
Divisible
Yes
Floor
4-5
Space Use
Office
Condition
Move-in Ready
Additional Details
Utilities Included in Rent
unspecified utilities
Amenities
skywalk system
Building Details
Year Built
1923
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 731-3410
Listed By:
Angie Glick
(319) 821-0028
Source:
Kalonarealty
Added: Jul 22
Changed: Oct 24
Last Checked: Oct 24 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
Office space is available on the fourth and fifth floors at 118 2nd Ave SE in downtown Cedar Rapids. The Class A interiors include private offices, conference rooms, shared work areas, break rooms and open workstation areas. Existing furnishings may be available, and ownership will consider dividing the space into smaller suites. Utilities and janitorial service are included in operating expenses.
The building connects directly to the downtown skywalk system and sits beside ramp parking. Built in 1923, it is zoned Urban Downtown Core. The space was designed by Solum Lang Architects.
The building connects directly to the downtown skywalk system and sits beside ramp parking. Built in 1923, it is zoned Urban Downtown Core. The space was designed by Solum Lang Architects.
Key Highlights
- Fourth- and fifth‑floor office space
- Class A finish with private offices, conference rooms, shared work areas and break rooms
- Direct connection to the downtown skywalk system
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 52401, IA
2,320
Population
1,480
Households
1.6
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
1.2 sq mi
ZIP Area
1,933
Density / Sq Mi
$40,675
Median Household Income
$38,635
Median Earnings
$783
Median Rent
$143,800
Median Home Value
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Market
Lease Benchmarks for Cedar Rapids, IA
$12.43 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,313 SF
Avg Space Size
This space is priced 37% above the average of $12.43 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Downtown suites connect to the skywalk system, with smaller configurations available through demising options.
Where is this office unit located?
The property is located at 118 2nd Ave SE #5th Floor Cedar Rapids, IA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Fourth- and fifth‑floor office space; Class A finish with private offices, conference rooms, shared work areas and break rooms; Direct connection to the downtown skywalk system
