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Class A Office Space with Skywalk
For Lease
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118 2nd Avenue SE 4th Flr, Cedar Rapids, IA 52401

Move-in ready Class A office space connected to the skywalk, with private offices, conference rooms, and open workstations.

Space SizeContact for details
Property Size82,144 SF
Days on Market19

Property Features for 118 2nd Avenue SE 4th Flr

General Information

Standard status Active
Size 82,144 SF
Class A
Property subtype Com Lease
Zoning UDC
Lease Type Net

Amenities

skywalk system
ramp parking
Carpet
Yes
5
Public
0.386
.386 Ac

Building Details

Year Built 1923
Stories 5
Listing Agency: RE/MAX Affiliates
Listed By: Karrie Schultz
Source: Pinnaclerealtyia
Added: Jul 22 Changed: Aug 8 Last Checked: Aug 9 at 6:36AM

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 RE/MAX Affiliates

Investment Insights

Based on property information with market context.

Move-in ready Class A office space with modern, high-end finishes on the 4th and 5th floors. The layout includes a mix of private offices, conference rooms, collaborative workspace, break areas, and open workstations. Existing furniture may be available, offering a plug-and-play opportunity for an efficient move-in.

The building is connected directly to the skywalk system and is adjacent to ramp parking, supporting convenient access for employees and clients. Operating expenses include utilities and janitorial services.

Ownership will consider demising options for smaller users. The space is positioned for a range of downtown office needs, including regional headquarters, professional office use, technology groups, healthcare administration, customer support operations, and back-office teams.

Key Highlights

  • Move‑in ready Class A office space connected to the downtown skywalk system
  • 4th and 5th floors with modern finishes and a mix of private offices, conference rooms, and open workstations
  • Includes collaborative workspace, break areas, and air conditioning

Property Analytics

Current Use

UFG Insurance Financial Advisor

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Barber Shop Locksmith

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,039
Businesses Nearby

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

Market

Lease Benchmarks for Cedar Rapids, IA

$13.65 /SF/Yr
Avg Asking Price
$6–$24 /SF/Yr
Price Range
41,268 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Move-in ready Class A office space connected to the skywalk, with private offices, conference rooms, and open workstations.
Where is this office units located?
The property is located at 118 2nd Avenue SE 4th Flr Cedar Rapids, IA.
What are key features of this property?
This property features: Move‑in ready Class A office space connected to the downtown skywalk system; 4th and 5th floors with modern finishes and a mix of private offices, conference rooms, and open workstations; Includes collaborative workspace, break areas, and air conditioning
More about this property
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