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Class A Office Space Downtown
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4th-flr-118 2nd Ave Se, Cedar Rapids, IA 52403

Move-in ready office space with high-end finishes and skywalk access.

Space SizeContact for details
Days on Market142

Property Features for 4th-flr-118 2nd Ave Se

General Information

Standard status Active
Listing Agency: GLD COMMERCIAL
Listed By: Angie Glick
Source: Exprealty
Added: May 31 Changed: Oct 5 Last Checked: Oct 19 at 10:21AM

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 GLD COMMERCIAL

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Investment Insights

Based on property information with market context.

This property offers a leasing opportunity for Class A office space in the downtown area. It provides direct connection to the skywalk system and adjacency to ramp parking. The available 4th and 5th floors feature modern, high-end finishes designed by Solum Lang Architects. The layout includes a mix of private offices, conference rooms, collaborative workspace, break areas, and open workstations. Existing furniture may be available. Ownership will consider demising options for smaller users. The property is suited for regional headquarters, professional office users, technology groups, healthcare administration, customer support operations, and back-office teams. Operating expenses include utilities and janitorial services. The property has a total size of 82144 square feet.

Key Highlights

  • Move‑in ready, Class A office space in the heart of downtown.
  • Enjoy direct connection to the skywalk system and adjacent ramp parking.
  • Modern, high‑end finishes designed by Solum Lang Architects.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Storage Facility Barber Shop Locksmith Pet Grooming Service Tanning Salon

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,946
Businesses Nearby

Demographics for 52403, IA

23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Cedar Rapids, IA

$8.35 /SF/Yr
Avg Asking Price
$0.99–$16 /SF/Yr
Price Range
36,593 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office building - Move-in ready office space with high-end finishes and skywalk access.
Where is this office building located?
The property is located at 4th-flr-118 2nd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: Move‑in ready, Class A office space in the heart of downtown.; Enjoy direct connection to the skywalk system and adjacent ramp parking.; Modern, high‑end finishes designed by Solum Lang Architects.
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