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Downtown Office Building with Reconfigurable Space
For Sale
$595,000

526 2nd Avenue SE, Cedar Rapids, IA 52401

Multi-story downtown office building with private offices and conference rooms suited for professional or medical users.

Property Size18,309 SF
Price / SF$32.50
Days on Market187

Property Features for 526 2nd Avenue SE

General Information

Standard status Active
Size 18,309 SF
Property subtype Commercial
Zoning Urban

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $29,648

Amenities

Carpet
Yes
2
Building,Land
Public
0.26
.26 Acre
Off Street

Building Details

Year Built 1905
Stories 2
Listing Agency: Urban Acres Real Estate
Listed By: Hope Hall
Source: Pinnaclerealtyia
Added: Feb 10 Changed: Aug 16 Last Checked: Aug 16 at 3:20AM

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 Urban Acres Real Estate

Investment Insights

Based on property information with market context.

This multi-story office building totals 12,206 square feet and presents a classic brick and stone façade with a professional main entry. The interior includes private offices, conference rooms, and support space, with a flexible layout that can be reconfigured for different office, legal, financial, medical, or creative requirements.

Located in Cedar Rapids’ Central Business District along 2nd Avenue SE, the property offers strong street presence. It is within walking distance to restaurants, services, and public parking, and provides convenient access to I-380 and the broader Cedar Rapids metro area.

The building is well suited for an owner-user seeking a downtown professional address, including options for law, finance, medical, or other office-based operations that benefit from a mix of private workrooms and meeting space. Investors also may consider the asset as a downtown office property with a layout that can be adapted to multiple professional tenant types, based on the space’s existing office and conference room configuration.

Key Highlights

  • 12,206 SF, 2‑story multi‑tenant downtown office building built in 1905
  • Flexible interior layout with private offices, conference rooms, and support space
  • Basement and HVAC (air conditioning) plus heating system

Property Analytics

Current Use

Parker Cynthia A. Law Firm Nagle, Matthew J Law Firm Lynch Dallas, P.C. Law Firm O'Connell Patrick J Law Firm Mc Leod Scott ... Law Firm

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store HVAC Service Locksmith Garden Center (Bike/Boat/Book/etc) 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

Location Intelligence

Trade Area within ½ mile

3,746
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 - Multi-story downtown office building with private offices and conference rooms suited for professional or medical users.
Where is this office building located?
The property is located at 526 2nd Avenue SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 12,206 SF, 2‑story multi‑tenant downtown office building built in 1905; Flexible interior layout with private offices, conference rooms, and support space; Basement and HVAC (air conditioning) plus heating system
More about this property
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