Search
Renovated Office Units
For Sale
Contact for pricing

5020 Council St NE, Cedar Rapids, IA 52402

Commercial, Cedar Rapids, IA

Property Size3,781 SF
Lot Size0.41 Acres
Days on Market47

Property Features for 5020 Council St NE

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-3
Rooms Basement
Directions Council Street right next to Panera Bread
Subdivision NE Quadrant
Standard status Active
APN 140325300200000
Size 3,781 SF
Lot size 0.41 Acres

Taxes and HOA fees

Tax Description MILWAUKEE INDUSTRIAL PARK 9TH STR/LB 2
Tax Annual Amount 13019
Legal Description MILWAUKEE INDUSTRIAL PARK 9TH STR/LB 2

Amenities

kitchenette
signage at building access
large bright windows

Building Details

Year built 2004
Flooring type Carpet
Roof type Shingle
Listing Agency: RE/MAX CONCEPTS · RE/MAX International
Listed By: Emily Prahm
Added: Jul 15 Changed: Aug 19 Last Checked: Aug 30 at 12:06PM
MLS# 2605061

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,781-square-foot office property on a 0.406-acre site provides a practical mix of enclosed offices and shared workspace. The interior includes a reception area, private offices, an open conference or bullpen area, and a kitchenette. Carpet flooring, large windows, and a renovated exterior contribute to the current finish. The building was constructed in 2004 and has a shingle roof, with basement space also included.

Positioned at 5020 Council St NE in Cedar Rapids, the property is adjacent to Panera Bread and offers access to Interstate 380. The site is on a main road with reported exposure to more than 30,000 cars per day. On-site parking, signage at the building entrance, and immediate occupancy are available. C-3 zoning applies, and a 2-5 year lease option is also offered.

Key Highlights

  • 3,781 SF office property on 0.406 acres
  • C‑3 zoning with immediate occupancy available
  • Private offices, reception area, open conference or bullpen space, and kitchenette

Property Analytics

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

Yes
Highway access
Yes
Paved road access

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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Flexible professional office layout with private rooms, reception, meeting space, kitchenette, signage, and client parking.
Where is this office units located?
The property is located at 5020 Council St NE Cedar Rapids, IA.
What are key features of this property?
This property features: 3,781 SF office property on 0.406 acres; C‑3 zoning with immediate occupancy available; Private offices, reception area, open conference or bullpen space, and kitchenette
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message