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Class A Office Space
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200 1st St SE, Cedar Rapids, IA 52401

Executive office premises occupy three upper levels within Cedar Rapids’ downtown Alliant tower.

Space SizeContact for details
Days on Market8

Property Features for 200 1st St SE

General Information

Standard status Active
Class A

Space & Availability

Divisible Yes
Floor 19, 20, 21
Space Use Office

Additional Details

CAM $6 /USD/SF/YR

Building Details

Year Built 1972
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Adam Gibbs · License #B43857000
Source: Kwlegacyrealty
Added: Aug 4 Changed: Aug 5 Last Checked: Aug 10 at 7:53AM

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 GLD Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

This Class A office opportunity comprises 10,128 SF of former executive office space on floors 19, 20, and 21 of the Alliant tower. The elevated position provides views across downtown Cedar Rapids, while the multi-floor configuration offers a substantial corporate office setting within a recognized high-rise building.

The property at 200 1st St SE was built in 1972. Lease negotiations can address the space’s delivery condition and tenant build-out, allowing the final configuration to be established through mutually agreeable terms. Any plan using less than a full floor requires landlord approval of the space planning and design.

Key Highlights

  • 10,128 SF of office space across floors 19, 20, and 21
  • Former executive offices on the top three floors of the Alliant tower
  • Class A building classification

Property Analytics

Current Use

Edison Electricians of Cedar ... Electrical Service Schumacher Elevator Company General Contractor IES Diversified Inc Trucking Company F & M Bank Bank Alliant Energy Electric Utility Company

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Barber Shop Locksmith

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,039
Businesses Nearby

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

$14.13 /SF/Yr
Avg Asking Price
$6–$25 /SF/Yr
Price Range
41,999 SF
Avg Space Size

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?
Office units - Executive office premises occupy three upper levels within Cedar Rapids’ downtown Alliant tower.
Where is this office units located?
The property is located at 200 1st St SE Cedar Rapids, IA.
What are key features of this property?
This property features: 10,128 SF of office space across floors 19, 20, and 21; Former executive offices on the top three floors of the Alliant tower; Class A building classification
More about this property
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