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Multi-Story Office Building
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425 2nd Street SE 375, Cedar Rapids, IA 52401

Office suites support smaller professional users and full-floor occupancy across multiple levels in a centrally located commercial building.

Space Size3,430 SF - 13,720 SF
Property Size206,000 SF
Days on Market88

Property Features for 425 2nd Street SE 375

General Information

Standard status Active
Size 3,430 SF - 13,720 SF
Net Rentable 3,430 SF
Property subtype Com Lease
Zoning UFD
Lease Type Net

Space & Availability

Available Space 3,430-13,720 SF
Space Use Office
Sublease No

Lease Terms

Lease Rate $3.95 /USD/SF/YR
Monthly Rent $1,129-$4,516
Rent per SF/Year $3.95

Taxes and HOA fees

Annual Taxes $9,544

Amenities

Carpet
Yes
11
No
See Remarks
Public
Common

Building Details

Year Built 1982
Stories 11
Building Size 206,000 SF
Tenancy Multi
Listing Agency: SKOGMAN REALTY
Listed By: Kyle Steele
Source: Pinnaclerealtyia
Added: Jun 2 Changed: Aug 28 Last Checked: Aug 28 at 7:35AM

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 SKOGMAN REALTY

Investment Insights

Based on property information with market context.

Plaza 425 is a 12-story office building constructed in 1982, with 206,000 SF of space and office suites distributed across the 1st, 2nd, 5th, 7th, and 10th floors. Available configurations range from 3,430 SF to 13,720 SF, providing options for smaller professional offices as well as full-floor users. The property is zoned Urb DT.

The building is located in downtown Cedar Rapids near Green Square Park, the Cedar Rapids Public Library, the New Bohemian District, and dining and retail businesses. Its 425 2nd Street SE address places office users within the city’s central business area.

Key Highlights

  • 206,000 SF, 12‑story office building constructed in 1982
  • Suites from 3,430–13,720 SF
  • Available on the 1st, 2nd, 5th, 7th, and 10th floors

Property Analytics

Current Use

Hard Money Lenders ... Loan Service Patty Sampson Law Firm Heuer Publishing Publishing House Keegan, Tindal & Jaeger Law Firm i107-1 Advertising Agency

Suggested Use

Top Pick Auto Parts Store Barber Shop Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Grooming Service

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$0.59 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,465
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

$13.75 /SF/Yr
Avg Asking Price
$10–$17 /SF/Yr
Price Range
56,882 SF
Avg Space Size

This space is priced 71% below the average of $13.75 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office suites support smaller professional users and full-floor occupancy across multiple levels in a centrally located commercial building.
Where is this office building located?
The property is located at 425 2nd Street SE 375 Cedar Rapids, IA.
What are key features of this property?
This property features: 206,000 SF, 12‑story office building constructed in 1982; Suites from 3,430–13,720 SF; Available on the 1st, 2nd, 5th, 7th, and 10th floors
More about this property
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