Downtown Bank Complex with
For Sale
$8,000,000
222 SE 2nd Ave, Cedar Rapids, IA 52401
Historic 1925 bank building with surface lot and large parking garage for downtown redevelopment.
Property Size98,010 SF
Price / SF$81.62
Days on Market110
Property Features for 222 SE 2nd Ave
General Information
Standard status
Active
Size
98,010 SF
Total Parking Spaces
298
Property subtype
Commercial
Zoning
Form
Taxes and HOA fees
Annual Taxes
$105,617
Amenities
Carpet,Other
Irregular
2.25
CountyRoad
Building Details
Year Built
1926
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 393-0900
Listed By:
Lisa Coots-Schooley
(641) 781-0867
Source:
Pinnaclerealtyia
Added: Jul 6
Changed: Oct 19
Last Checked: Oct 20 at 5:57PM
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 Lepic-Kroeger, REALTORS
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Midwest region
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 SE 2nd Ave Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $8,000,000.
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
