123 5th St SE, Cedar Rapids, IA 52401

Building Details

Year Built

1903

Listing office Urban Acres Real Estate Corridor l***@pinnaclerealtyia.com Show Phone

Listing date Jun 18, 2024

Source Pinnaclerealtyia

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 Urban Acres Real Estate Corridor

Report an issue

---

Overview

Renovated historic office building originally constructed in 1903 and updated in 2010, totaling 32,256 square feet. The building is designed around open floor plans with abundant natural light and provides approximately 8,000 square feet per floor, supporting a range of office configurations. Improvements and building systems are presented as modernized to support workplace productivity and comfort.

Located in the heart of downtown Cedar Rapids, the property is described as having prominent visibility and accessibility. The area also offers convenient access to nearby restaurants for employees and visiting clients.

For buyers or office tenants looking for a centrally located downtown presence, this property’s combination of historic character and modern updates can support both single-tenant and multi-tenant office strategies. With sizeable floor plates and open layouts, it may be suitable for organizations that value adaptable space for everyday operations while maintaining a visible downtown address.

Suggested Use

Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Cedar Rapids

County

Linn

State

Iowa

Longitude

-91.6649378

Latitude

41.9798902

Nearby Similar for Sale

• 

  $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
• 

  $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
• 

  $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
• 

  $599,000

  Historic Church with Multi-Level Space

  A 1911 church building with updated interiors, sanctuary, offices, classrooms, and a large lower-level fellowship hall.

  1809 9th Street SW, CedarRapids, IA 52404

  View Details
• 

  $699,950

  3,652 SF

  Two-Story Office Building

  Finished two-floor office layout with reception areas offers flexible space for professional tenants.

  1000 Collins Road NE, Cedar Rapids, IA 52402

  View Details
• 

  $1,460,000

  10,258 SF

  Zoned Commercial Office Building

  Commercially zoned office building offered for sale in Cedar Rapids with space configured for business use.

  4820 Armar Drive SE, Cedar Rapids, IA 52403

  View Details
• 

  $1,802,705

  13,248 SF

  Commercial Space in Cedar Rapids

  Commercial space available for sale in Cedar Rapids, Iowa.

  Ders Drive NW lot: 9, Cedar Rapids, IA 52404

  View Details
• 

  $1,900,000

  Four-Building Multifamily Apartment Complex

  30-unit multifamily property with ample off-street parking, common laundry, and recent exterior and mechanical upgrades.

  806 15th Avenue SW, Cedar Rapids, IA 52404

  View Details
• 

  $249,900

  2,666 SF

  Mixed-Use Building with Vacant Storefront

  Mixed-use building with a vacant commercial storefront and four apartments, two occupied and two ready to lease.

  1569 First ave SE, Cedar Rapids, IA 52402

  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
• 

  Contact for pricing

  4,420 SF

  Flex Building with Warehouse Doors

  Flexible space with heated warehouse, secure fenced lot, and a heated office area suited for operations needing on-site storage.

  1620 W Post Road SW, Cedar Rapids, IA 52404

  View Details
• 

  $1,595,000

  11,000 SF

  Commercial Office Building

  For-sale commercial office building on a 3.11-acre lot in Cedar Rapids, suited for professional tenants.

  2626 Ders Drive NW, Cedar Rapids, IA 52404

  View Details

FAQs

What type of property is this?

Office building - Historic 1903 office building updated in 2010 with flexible floor plates for downtown business use.

Where is this office building located?

The property is located at 123 5th St SE Cedar Rapids, IA.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Historic 1903 office building totaling 32,256 SF in downtown Cedar Rapids, updated in 2010; Flexible floor plates with approximately 8,000 SF per floor; Open floor plans with abundant light