Class A Office Space with Skywalk
For Lease
$16 SF/Yr
118 2nd Ave SE, Cedar Rapids, IA 52401
Move-in ready Class A office on the 4th and 5th floors with private offices, conference rooms, and open workstations.
Space SizeContact for details
Days on Market54
Property Features for 118 2nd Ave SE
General Information
Standard status
Active
Class
A
Property subtype
Com Lease
Zoning
Urban Downtown Core
Lease Type
NNN
Amenities
skywalk system
ramp parking
conference rooms
break areas
Carpet
0.39
CountyRoad,Paved
Building Details
Year Built
1923
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Cole Breitbach
(319) 551-6448
Source:
Pinnaclerealtyia
Added: Jul 22
Changed: Sep 12
Last Checked: Sep 13 at 6:06AM
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
Investment Insights
Based on property information with market context.
118 2nd Ave SE offers move-in ready, Class A office space featuring modern, high-end finishes designed by Solum Lang Architects. The available 4th and 5th floors include a mix of private offices, conference rooms, collaborative workspace, break areas, and open workstations. Existing furniture may be available, supporting a faster, plug-and-play move-in.
The building is connected directly to the downtown skywalk system and is adjacent to ramp parking, providing convenient access for employees and clients. Ownership will consider demising options for smaller users. Operating expenses include utilities and janitorial services.
The building is connected directly to the downtown skywalk system and is adjacent to ramp parking, providing convenient access for employees and clients. Ownership will consider demising options for smaller users. Operating expenses include utilities and janitorial services.
Key Highlights
- Move‑in ready Class A office space available on the 4th and 5th floors
- Direct connection to the downtown skywalk system and adjacent ramp parking
- Floors include private offices, conference rooms, collaborative workspace, break areas, and open workstations
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /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
$9.42 /SF/Yr
Avg Asking Price
$0.99–$17 /SF/Yr
Price Range
63,823 SF
Avg Space Size
This space is priced 70% above the average of $9.42 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in ready Class A office on the 4th and 5th floors with private offices, conference rooms, and open workstations.
Where is this office building located?
The property is located at 118 2nd Ave SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Move‑in ready Class A office space available on the 4th and 5th floors; Direct connection to the downtown skywalk system and adjacent ramp parking; Floors include private offices, conference rooms, collaborative workspace, break areas, and open workstations
