118 3rd Avenue SE Cedar Rapids, IA 52401

Building Details

Year Built

1918

Listing agency GRAF REAL ESTATE, ERA POWERED a***@pinnaclerealtyia.com Show Phone

Listed by Alex Miller

Source Pinnaclerealtyia

Added: Jan 8 Updated: Jul 20 at 7:45PM Checked: Jul 21 at 3:23AM

Report an Issue

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 GRAF REAL ESTATE, ERA POWERED

---

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.

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

Location Intelligence

Similar For Sale Nearby

• 

  $2,250,000

  28,472 SF

  Multi-Tenant Office Campus

  Multi-tenant office campus on a wooded site, offered for sale in NE Cedar Rapids.

  4211 Glass Road NE, Cedar Rapids, IA 52402

  View Details
• 

  $850,000

  5,935 SF

  Multi-Use Commercial Facility

  Enclosed flex facility combines office, warehouse, and multipurpose sports/recreation space on fenced grounds.

  1620 W Post Rd SW, Cedar Rapids, IA 52404

  View Details
• 

  $825,000

  4,836 SF

  Modern Office Building with Private Office

  Newer office space with a wide-open layout, private office, and separate restrooms for staff and clients.

  450 Colton Circle NE, Cedar Rapids, IA 52402

  View Details
• 

  $2,000,000

  37,336 SF

  Neighborhood Retail Center with Dollar General

  Three-building retail center offering updated roofs and established tenants in a high-traffic Cedar Rapids area.

  151 Jacolyn Drive NW, Cedar Rapids, IA 52405

  View Details
• 

  $850,000

  8,474 SF

  Flex Industrial Warehouse with Office

  Well-maintained flex warehouse includes a clear-span warehouse, two-level office, and paved outdoor storage yard.

  1402 18th Street SW, Cedar Rapids, IA 52404

  View Details
• 

  $475,000

  4,140 SF

  Live-Work Office Building

  Multi-level building offers Class A office space plus partially renovated residential and office/education areas with separate entrances.

  2919 1st Ave SE, Cedar Rapids, IA 52403

  View Details
• 

  $350,000

  5,524 SF

  Multi-Use Commercial Investment Opportunity

  Commercial property with shop, apartment, and storage space.

  901 Oakland Road NE, Cedar Rapids, IA 52402

  View Details
• 

  $799,950

  3,470 SF

  Turn-Key Restaurant/Bar with Drive Thru

  Fully equipped restaurant/bar with drive-thru on high-traffic corner.

  1519 6th Street SW, Cedar Rapids, IA 52404

  View Details
• 

  $1,445,000

  10,258 SF

  Commercial Office Building

  Office building for sale on a 1.04-acre site with approximately 10,258 square feet and Comm zoning.

  4820 Armar Drive SE, Cedar Rapids, IA 52403

  View Details
• 

  $850,000

  7,360 SF

  Multi-Tenant Office Building with Parking

  Multi-tenant office building with recent suite updates, roof replacement, and 44-space parking for flexible occupancy.

  4201 Glass Rd NE, Cedar Rapids, IA 52402

  View Details
• 

  $475,000

  4,140 SF

  Multi-Level Live-Work Office Building

  Three separate entrances serve office, education, and meeting space, plus partially renovated upper-level residential living.

  2919 1st Ave SE, Cedar Rapids, IA 52403

  View Details
• 

  $1,445,000

  10,258 SF

  Specialty Commercial Property

  For-sale specialty commercial property at 4820 Armar Dr SE in Cedar Rapids, IA.

  4820 Armar Dr SE, Cedar Rapids, IA 52403

  View Details

FAQs

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