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1241 Park Place NE, Cedar Rapids, IA 52402

Commercial, Cedar Rapids, IA

Property Size12,500 SF
Lot Size1.43 Acres
Days on Market3

Property Features for 1241 Park Place NE

General Information

Property type Commercial Sale
Property subtype Office
Zoning urb/coMM
Directions Collins Road to Council St. N on Council St. to Park Place. E on Park Place to building.
Subdivision NE Quadrant
Standard status Active
APN 14032-52003-00000
Size 12,500 SF
Lot size 1.43 Acres

Taxes and HOA fees

Tax Description MILWAUKEE INDUSTRIAL PARK 9TH STR/LB 6
Tax Annual Amount 32478
Legal Description MILWAUKEE INDUSTRIAL PARK 9TH STR/LB 6

Building Details

Year built 1983
Flooring type Carpet, Concrete
Building materials Frame
Roof type Membrane
Listing Agency: Realty87 · Coldwell Banker Real Estate
Listed By: Jim Zachar
Added: Sep 25 Last Checked: Sep 27 at 2:06PM
MLS# 2606739

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office unit offers a large open area and two large closets. The space has no exterior windows, a layout detail to consider when evaluating the unit. The building is frame construction, with carpet and concrete flooring and a membrane roof; it was built in 1983.

At 12,500 square feet on a 1.43-acre parcel, the property is located at 1241 Park Place NE in Cedar Rapids. Nearby amenities include shopping, restaurants, schools, and parks, with Collins Road and HWY 100 also close by. The zoning designation is urb/coMM.

Key Highlights

  • 12,500‑square‑foot property on a 1.43‑acre lot
  • Office unit with a large open area and two large closets
  • No exterior windows in the unit

Property Analytics

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Open Analytics

Current Use

Travel Advisors Travel Agency SLB of Iowa Corporate Office JET Engineering Inc. Engineering Consultant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Storage Facility Electrical Service

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - An open work area and two closets provide a straightforward layout for private office use.
Where is this office units located?
The property is located at 1241 Park Place NE Cedar Rapids, IA.
What are key features of this property?
This property features: 12,500‑square‑foot property on a 1.43‑acre lot; Office unit with a large open area and two large closets; No exterior windows in the unit
More about this property
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