Move-in Ready Downtown Office
118 2nd Ave SE, Cedar Rapids, IA 52401
For Lease
Contact for pricing
Modern office space with sophisticated interior finish, move-in ready.
Space SizeContact for details
Property Size82,144 SF
Days on Market747
Property Features for 118 2nd Ave SE
General Information
Standard status
Size
Class
Property subtype
Lease Type
Building Details
Building Size
Year Built
Tenancy
Spaces For Lease
at 118 2nd Ave SE Contact usSuite 4 Active
Type
Office
Lease Type
NNN
Suite 5 Active
Type
Office
Lease Type
NNN
Listing Agency:
GLD Commercial Real Estate Advisors
Listed By:
Rachel Waters · License IA S71287000
(319) 389-7777
Source:
Crexi
Added: Oct 25, 2024
Changed: Sep 3
Last Checked: Aug 30 at 5:44PM
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.
The available office space, located on the 4th and 5th floors, features a sophisticated interior finish designed by Solum Lang Architects, providing a professional and modern atmosphere. The space is move-in ready, and remaining office furniture is available. Each floor is easily accessible via an elevator with a secure lobby entrance. Operating expenses include utilities and janitorial services. Demising options and ramp parking may be available.
Key Highlights
- Move‑in ready space with optional furniture for immediate operation.
- Sophisticated interior design by Solum Lang Architects.
- Inclusive operating expenses covering utilities and janitorial services.
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.39 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,039
Businesses Nearby
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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
$12.75 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
34,598 SF
Avg Space Size
This space is priced 25% above the average of $12.75 /SF/Yr.
Average Price Trend$/SF/Yr for Office Units in Cedar Rapids, IA
Properties on Market for Office Units in Cedar Rapids
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Modern office space with sophisticated interior finish, move-in ready.
Where is this office unit located?
The property is located at 118 2nd Ave SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $15.95 SF/Yr.
What are key features of this property?
This property features: Move‑in ready space with optional furniture for immediate operation.; Sophisticated interior design by Solum Lang Architects.; Inclusive operating expenses covering utilities and janitorial services.
