222 2nd Ave Se, Cedar Rapids, IA 52401

Listing office Cushman & Wakefield Iowa Commercial Advisors r***@iowaca.com Show Phone

Listing date May 14, 2025

Source Exprealty

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Overview

This downtown bank complex includes an approximately 186,355 square foot building constructed in 1925, with additions completed in 1964 and 1980. The property also features a 42-stall surface parking lot and a 256-stall parking garage, providing dedicated structured and surface parking for tenants, patrons, and future development concepts.

Located in the heart of downtown Cedar Rapids, the site supports a range of redevelopment directions, including office, hospitality, and retail/restaurant uses, subject to applicable approvals. The combination of a long-established historic structure and substantial parking capacity is designed to accommodate a variety of operational needs in a central business setting.

For investors and operators seeking a single, larger footprint with on-site parking, this property offers a consolidated platform for leasing or redevelopment planning. The extensive parking inventory may help support customer-oriented uses and multi-tenant strategies, while the building’s established downtown presence can be evaluated for conversion, modernization, or adaptive reuse where permitted.

Suggested Use

Auto Parts Store Storage Facility Grocery & Convenience Store Barber Shop Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon Pet Store & Service Acupuncture

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

Location Insight

• Map
• Local Demand

City

Cedar Rapids

County

Linn

State

Iowa

Longitude

-91.667609

Latitude

41.978072

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FAQs

What type of property is this?

Bank - Historic 1925 bank building with surface lot and large parking garage for downtown redevelopment.

Where is this bank located?

The property is located at 222 2nd Ave Se Cedar Rapids, IA.

What is the asking price?

The asking price for this property is $10,700,000.

What are key features of this property?

This property features: US Bank complex in downtown Cedar Rapids includes an 186,355 SF building; Historic building originally built in 1925 with additions completed in 1964 and 1980; 42‑stall surface parking lot on site