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Renovated Office Suite with Parking
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5020 Council St NE, Cedar Rapids, IA 52402

Renovated office suite with private offices, reception area, kitchenette, and open conference space, plus generous on-site parking.

Space SizeContact for details
Days on Market97

Property Features for 5020 Council St NE

General Information

Standard status Active
Property subtype Com Lease
Zoning C-3
Lease Type Net

Site & Location

Traffic Count 30,000 vehicles/day
Highway Access Yes

Taxes and HOA fees

Annual Taxes $13,019

Amenities

Carpet
Yes
Storage
Fenced
Public
0.406
.406
Off Street

Building Details

Year Built 2004
Listing Agency: Skogman Realty Co.
Listed By: Jerome Edwards
Source: Pinnaclerealtyia
Added: Jul 15 Changed: Oct 15 Last Checked: Oct 19 at 5:30AM

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 Co.

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Investment Insights

Based on property information with market context.

This renovated office suite offers a professional, functional layout with a reception area, kitchenette, and a mix of private offices plus an open conference or bullpen-style area. The building exterior has been fully renovated, and the suite features large, bright windows.

The property is located on a main road with signage at the building access and easy routes to Interstate 380. Public remarks also note strong daily vehicle exposure and proximity to Panera Bread.

Immediate occupancy is available, and the space supports flexible lease timing as described in the offering.

Key Highlights

  • Renovated office suite with private offices, reception area, kitchenette, and open conference space (“bullpen” setup)
  • Immediate occupancy available with a 2–5 year lease option and extra sign rental options
  • Year built 2004; interior features include carpet flooring, storage, forced heating (heating Y/N: Yes), and air conditioning (A/C Y/N: Yes)

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Parking Lot & Garage Storage Facility Grocery & Convenience Store

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

30,000 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
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Market

Lease Benchmarks for Cedar Rapids, IA

$12.5 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,498 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 unit - Renovated office suite with private offices, reception area, kitchenette, and open conference space, plus generous on-site parking.
Where is this office unit located?
The property is located at 5020 Council St NE Cedar Rapids, IA.
What are key features of this property?
This property features: Renovated office suite with private offices, reception area, kitchenette, and open conference space (“bullpen” setup); Immediate occupancy available with a 2–5 year lease option and extra sign rental options; Year built 2004; interior features include carpet flooring, storage, forced heating (heating Y/N: Yes), and air conditioning (A/C Y/N: Yes)
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