2875 Mt Vernon Rd SE, Cedar Rapids, IA 52403
COMMERCIAL - Cedar Rapids, IA
- Added:
- Feb 23, 2026
- Days on Market:
- 116
- Last Refresh:
- Jun 19 at 12:06 am
Property Features for 2875 Mt Vernon Rd SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- comm
- Standard status
- Active
- APN
- 14261-26001-00000
- Size
- 5,061 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- as per abstract
- Tax Annual Amount
- 14477
Building Details
- Year built
- 1988
- Flooring type
- Carpet
- Roof type
- Shingle
Listing agent Karen Mathison License #S61754000 (319) 367-8760
Listing office Realty87 5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA (319) 378-8760
Listing date Feb 23, 2026
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Corner‑lot office building designed by architect Leo Pieffer
- Covered parking for 18 vehicles on the ground floor
- Multiple entry points, including a covered lower‑level entrance and a ground‑level entrance
- Open‑concept main area centered around a gas fireplace
- Layout includes 4 private offices, a large conference room, breakroom/kitchen, and 2 restrooms
- Sold as‑is; inspections for information only (Year built: 1988; roof: shingle; flooring: carpet)
Overview
Set on a corner lot at 2875 Mt Vernon Rd SE in Cedar Rapids, the building provides multiple entry points. There is a covered lower-level entrance and a ground-level entrance, supporting flexible arrival options. On the ground floor, the property also includes covered parking for 18 vehicles.
For buyers and operators seeking an office space that can support both focused work and client-facing meetings, the combination of private offices, conference space, and a central gathering area is well suited. With the building ready for the next occupant and the sale structured as-is, it allows space planning and upgrades tailored to an organization’s specific needs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $8.40 |
| − Vacancy | −$10.1k | −$2.00 |
| EGI | $32.4k | $6.40 |
| − OpEx | −$8.1k | −$1.60 |
| NOI | $24.3k | $4.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6236852
- Latitude
- 41.9766432
