Renovated Office Building with
For Sale
$1,975,000
118 3rd Avenue SE, Cedar Rapids, IA 52401
Historic eight-story and two-story office buildings with remodeled common areas and skywalk system connection.
Property Size57,552 SF
Price / SF$34.32
Days on Market239
Property Features for 118 3rd Avenue SE
General Information
Standard status
Active
Size
57,552 SF
Property subtype
Commercial
Zoning
Urban
Taxes and HOA fees
Annual Taxes
$62,162
Amenities
Carpet,Concrete
Yes
8
Display Window(s)
Building,Land
Public
0.19
8400
Building Details
Year Built
1918
Stories
8
Listing Agency:
GLD COMMERCIAL
(319) 393-0900
Listed By:
Alex Miller
Source:
Pinnaclerealtyia
Added: Jan 8
Changed: Sep 3
Last Checked: Sep 4 at 4:03AM
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
Investment Insights
Based on property information with market context.
This offering includes historic, renovated office buildings comprising an eight-story building and a two-story building. Many floors and common areas have been remodeled, with a stated long-term track record of 85–95% occupancy. The property also includes a connection to a skywalk system and several tenant amenities.
Renovations recently completed include new ADA restrooms and ADA access, along with exterior improvements such as exterior painting of windows and canopy/soffit, a new roof, and fire escape updates. The buildings are located at 118 3rd Avenue SE in Cedar Rapids, Iowa.
For qualified buyers, an NDA is required. The owners are licensed real estate agents in Iowa.
Renovations recently completed include new ADA restrooms and ADA access, along with exterior improvements such as exterior painting of windows and canopy/soffit, a new roof, and fire escape updates. The buildings are located at 118 3rd Avenue SE in Cedar Rapids, Iowa.
For qualified buyers, an NDA is required. The owners are licensed real estate agents in Iowa.
Key Highlights
- Historic 8‑story and 2‑story office buildings, built in 1918
- Remodeled common areas across many floors; renovation project completed including ADA restrooms and ADA access
- Connected to the downtown skywalk system and includes tenant amenities
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,055
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
Market
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 - Historic eight-story and two-story office buildings with remodeled common areas and skywalk system connection.
Where is this office building located?
The property is located at 118 3rd Avenue SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Historic 8‑story and 2‑story office buildings, built in 1918; Remodeled common areas across many floors; renovation project completed including ADA restrooms and ADA access; Connected to the downtown skywalk system and includes tenant amenities
