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Class A Skywalk-Connected Office Space
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118 2nd Avenue SE 4th & 5th Flr, Cedar Rapids, IA 52401

Move-in ready 4th and 5th floors with modern finishes, private offices, meeting space, and open workstations.

Space SizeContact for details
Days on Market22

Property Features for 118 2nd Avenue SE 4th & 5th Flr

General Information

Standard status Active
Class A
Property subtype Com Lease
Zoning UDC
Lease Type Net

Amenities

skywalk system
ramp parking
conference rooms
break areas
collaborative workspace
Carpet
Yes
5
Public
0.386
.386 Ac

Building Details

Year Built 1923
Stories 5
Listing Agency: Miehe Commercial Real Estate
Listed By: Lisa Coots-Schooley
Source: Pinnaclerealtyia
Added: Jul 22 Changed: Aug 11 Last Checked: Aug 11 at 4:48AM

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 Miehe Commercial Real Estate

Investment Insights

Based on property information with market context.

Move-in ready Class A office space offering modern, high-end finishes across 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 to support a plug-and-play move-in. Ownership will consider demising options for smaller users.

The building is connected directly to the skywalk system and is adjacent to ramp parking, supporting convenient employee and client access in downtown Cedar Rapids.

Operating expenses include utilities and janitorial services.

Key Highlights

  • Move‑in ready Class A office space with available 4th and 5th floors
  • Connected directly to the downtown Cedar Rapids skywalk system and adjacent to ramp parking
  • Modern interior layout includes private offices, conference rooms, collaborative workspace, break areas, and open workstations

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Auto Parts Store Big Box & Wholesale Store Storage Facility Skin Care Clinic Grocery & Convenience Store

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

1,702
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

$14.13 /SF/Yr
Avg Asking Price
$6–$25 /SF/Yr
Price Range
41,999 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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Move-in ready 4th and 5th floors with modern finishes, private offices, meeting space, and open workstations.
Where is this office units located?
The property is located at 118 2nd Avenue SE 4th & 5th Flr Cedar Rapids, IA.
What are key features of this property?
This property features: Move‑in ready Class A office space with available 4th and 5th floors; Connected directly to the downtown Cedar Rapids skywalk system and adjacent to ramp parking; Modern interior layout includes private offices, conference rooms, collaborative workspace, break areas, and open workstations
More about this property
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