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Multi-Level Live-Work Office Building
For Sale
$475,000

2919 1st Ave SE, Cedar Rapids, IA 52403

Three separate entrances serve office, education, and meeting space, plus partially renovated upper-level residential living.

Property Size15,660 SF
Price / SF$30.33
Days on Market45

Property Features for 2919 1st Ave SE

General Information

Standard status Active
Size 15,660 SF
Class A
Total Parking Spaces 16

Building Details

Year Built 1957
Stories 3
Listing Agency: Realty87
Listed By: Jim Zachar
Source: Kwlegacyrealty
Added: Jul 12 Changed: Aug 24 Last Checked: Aug 25 at 9:13AM

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 Realty87

Investment Insights

Based on property information with market context.

This multi-level live-work building includes distinct spaces across three levels with separate entrances. The main level is Class A office space, while the lower level is configured for office, education, conference, and meeting use. The upper level offers partially renovated residential living with new flooring, lighting, and paint. New windows and blinds are provided throughout, and each level has a private restroom. Off-street parking is available with 12 spaces on the south side of the building and an additional four spaces directly off 1st Avenue.

The property also includes a vacant lot at 2925 1st Ave SE. A new roof was installed in 2020, and the building has newer HVAC.

The combination of separate entrances and dedicated restroom facilities supports flexible occupancy across levels for office and education uses and residential living space within the same structure.

Key Highlights

  • 1957 building with public water and 0.36‑acre lot (15,660 lot dimensions) with off‑street parking
  • All 3 levels have separate entrances, including dedicated office/education/meeting space and upper‑level residential living
  • Main level offers Class A office space; lower level includes office, education, and conference/meeting areas with private restrooms

Property Analytics

Current Use

Parlor City Deck ... Construction Company ProTecht Properties Property Management Company

Suggested Use

Top Pick HVAC Service Nail Salon Real Estate Agency Restaurant Hair Salon 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.

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby

Demographics for 52403, IA

23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Live-work space - Three separate entrances serve office, education, and meeting space, plus partially renovated upper-level residential living.
Where is this live-work space located?
The property is located at 2919 1st Ave SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1957 building with public water and 0.36‑acre lot (15,660 lot dimensions) with off‑street parking; All 3 levels have separate entrances, including dedicated office/education/meeting space and upper‑level residential living; Main level offers Class A office space; lower level includes office, education, and conference/meeting areas with private restrooms
More about this property
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