Downtown Bank Complex with
For Sale
$10,700,000
222 2nd Ave Se, Cedar Rapids, IA 52401
Historic 1925 bank building with surface lot and large parking garage for downtown redevelopment.
Property Size186,355 SF
Price / SF$57.42
Days on Market467
Property Features for 222 2nd Ave Se
General Information
Standard status
Active
Size
186,355 SF
Total Parking Spaces
298
Taxes and HOA fees
Annual Taxes
$105,617
Building Details
Year Built
1925
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
(319) 431-1898
Listed By:
Ryan Fitzpatrick
(319) 431-1898
Source:
Exprealty
Added: May 14, 2025
Changed: Aug 22
Last Checked: Aug 23 at 3:08AM
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 Cushman & Wakefield Iowa Commercial Advisors
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,055
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
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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
