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Class A Office Units
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5th-flr-118 2nd Ave Se, Cedar Rapids, IA 52404

Downtown office units connect directly to the skywalk and adjacent ramp parking.

Space SizeContact for details
Days on Market21

Property Features for 5th-flr-118 2nd Ave Se

General Information

Standard status Active
Listing Agency: GLD COMMERCIAL
Listed By: Angie Glick
Source: Exprealty
Added: Jul 23 Changed: Aug 11 Last Checked: Aug 11 at 10:50AM

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

Investment Insights

Based on property information with market context.

Class A office units occupy the 4th and 5th floors of a downtown Cedar Rapids property with contemporary finishes and an existing workplace layout. The space includes private offices, conference rooms, collaborative areas, break spaces, and open workstations. Existing furniture may be available, supporting a furnished occupancy option without requiring a complete office setup.

The property connects directly to the downtown skywalk system and sits next to ramp parking. Ownership will consider demising the floors for smaller users. Operating expenses include utilities and janitorial services.

Key Highlights

  • 4th- and 5th‑floor office space with modern, high‑end finishes
  • Direct connection to the downtown Cedar Rapids skywalk system
  • Adjacent ramp parking

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Dental Office Big Box & Wholesale Store Grocery & Convenience Store Barber Shop

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

2,352
Businesses Nearby

Demographics for 52404, IA

43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$14.13 /SF/Yr
Avg Asking Price
$6–$25 /SF/Yr
Price Range
41,999 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
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Frequently Asked Questions

What type of property is this?
Office units - Downtown office units connect directly to the skywalk and adjacent ramp parking.
Where is this office units located?
The property is located at 5th-flr-118 2nd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: 4th- and 5th‑floor office space with modern, high‑end finishes; Direct connection to the downtown Cedar Rapids skywalk system; Adjacent ramp parking
More about this property
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