Renovated Historic Office
For Lease
$10 SF/Yr
123 5th St SE, Cedar Rapids, IA 52401
Renovated historic office building in downtown Cedar Rapids, offering up to 32,256 SF across multiple floors.
Space SizeContact for details
Days on Market804
Property Features for 123 5th St SE
General Information
Standard status
Active
Property subtype
Com Lease
Zoning
Urban Form District
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$67,222
Amenities
Carpet
0.19
CountyRoad,Paved
Building Details
Year Built
1903
Year Renovated
2010
Listing Agency:
AWRE - Commercial & Development
(319) 333-2886
Listed By:
Ali Rashid
(319) 333-2886
Source:
Pinnaclerealtyia
Added: Jun 18, 2024
Changed: Aug 28
Last Checked: Aug 29 at 6:41AM
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 AWRE - Commercial & Development
Investment Insights
Based on property information with market context.
This renovated historic office building was originally constructed in 1903 and updated in 2010, combining historic character with modern functionality. The building offers approximately 8,000 SF per floor and features open floor plans with abundant natural light. Available space ranges from 8,064 SF to the full 32,256 SF, providing flexibility for a range of office requirements.
Located at 123 5th St SE in downtown Cedar Rapids, the property is positioned for strong visibility and day-to-day accessibility. The surrounding area includes convenient nearby restaurant options for employees and clients.
A total of 32,256 SF is available for lease, with space available both on a smaller basis and as a larger full-building offering.
Located at 123 5th St SE in downtown Cedar Rapids, the property is positioned for strong visibility and day-to-day accessibility. The surrounding area includes convenient nearby restaurant options for employees and clients.
A total of 32,256 SF is available for lease, with space available both on a smaller basis and as a larger full-building offering.
Key Highlights
- Renovated historic office building originally built in 1903 and updated in 2010
- Approx. 32,256 SF office building with leasing availability from 8,064 to 32,256 SF
- Premier leasing setup with approximately 8,000 SF per floor
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,821
Businesses Nearby
Explore this area
Business Placement
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
$13.75 /SF/Yr
Avg Asking Price
$10–$17 /SF/Yr
Price Range
56,882 SF
Avg Space Size
This space is priced 27% below the average of $13.75 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated historic office building in downtown Cedar Rapids, offering up to 32,256 SF across multiple floors.
Where is this office building located?
The property is located at 123 5th St SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Renovated historic office building originally built in 1903 and updated in 2010; Approx. 32,256 SF office building with leasing availability from 8,064 to 32,256 SF; Premier leasing setup with approximately 8,000 SF per floor
