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Downtown Cedar Rapids Office Opportunity
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425 SECOND ST SE, Cedar Rapids, IA 52401

Premier office building in downtown Cedar Rapids for sale.

Property Size3,430 SF
Price / SF$25
Days on Market92

Property Features for 425 SECOND ST SE

General Information

Standard status Active
Size 3,430 SF
Class B
Property subtype Office
Zoning Urban Downtown Core

Building Details

Year Built 1982
Buildings 1
Stories 1
Units 6
Tenancy Multi
Listing Agency: WSG CRE
Listed By: Tiffany Earl Williams · License #IA s41864000
Source: Crexi
Added: May 9 Changed: Aug 8 Last Checked: Aug 8 at 7:15AM

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 WSG CRE

Investment Insights

Based on property information with market context.

Located in the heart of Downtown Cedar Rapids at Plaza 425, this office building offers excellent proximity to local restaurants, boutique shops, and numerous downtown amenities. It is situated just blocks from Green Square Park, the Cedar Rapids Public Library, the New Bohemian District, and other key destinations, providing a convenient and accessible location for businesses and their employees. The property is offered for sale and lease, presenting a unique opportunity for investors, owner-users, and tenants. Flexible suite sizes are available on the 1st, 2nd, 5th, 7th, and 10th floors, accommodating a variety of office users. With multiple configuration options, the property can support both smaller professional offices and larger full-floor users. The property size is 3430 square feet. Its central downtown location, strong visibility, and adaptable floor plans make this a solid opportunity for businesses looking to establish or expand their presence in Cedar Rapids. The intended use of the property is for commercial office space.

Key Highlights

  • Prime downtown Cedar Rapids location with excellent access to restaurants, shops, and amenities.
  • Flexible suite sizes available on multiple floors (1st, 2nd, 5th, 7th, and 10th) to accommodate various office users.
  • Opportunity for both sale and lease, appealing to investors, owner‑users, and tenants.

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.

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

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 building - Premier office building in downtown Cedar Rapids for sale.
Where is this office building located?
The property is located at 425 SECOND ST SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $85,750.
What are key features of this property?
This property features: Prime downtown Cedar Rapids location with excellent access to restaurants, shops, and amenities.; Flexible suite sizes available on multiple floors (1st, 2nd, 5th, 7th, and 10th) to accommodate various office users.; Opportunity for both sale and lease, appealing to investors, owner‑users, and tenants.
(319) 343-5542 Call to check price and availability
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