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Customizable Third-Floor Office Space
For Lease
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550 2nd Street SE 300, Cedar Rapids, IA 52401

Office space offers a flexible layout for tenant-specific customization in downtown Cedar Rapids.

Space SizeContact for details
Days on Market17

Property Features for 550 2nd Street SE 300

General Information

Standard status Active
Property subtype Com Lease
Zoning UDC
Lease Type Net

Taxes and HOA fees

Annual Taxes $111,388

Amenities

Carpet
Yes
3
Public
0.92
.92 Ac
Off Street

Building Details

Year Built 1970
Stories 3
Listing Agency: GLD COMMERCIAL
Listed By: Nicki Kramer
Source: Pinnaclerealtyia
Added: Aug 14 Changed: Aug 28 Last Checked: Aug 29 at 6:01AM

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.

The entire third floor at 550 2nd Street SE is available for office use and may be customized to suit the occupying tenant. The space includes carpeted interiors and is part of a 64,800-square-foot property constructed in 1970.

The building is located in Cedar Rapids, Iowa, and is designated UDC zoning. Limited indoor climate-controlled parking is available, with additional off-street parking also identified. A signage opportunity is available for the occupying business.

Key Highlights

  • Entire third floor available for office occupancy
  • Tenant‑specific customization permitted
  • 64,800‑square‑foot property constructed in 1970

Property Analytics

Current Use

Dr. lyric M. ... Physician Health Solutions, LLC Physician The Brems Group Accounting Firm

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store HVAC Service Locksmith Barber Shop (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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,464
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

Lease Benchmarks for Cedar Rapids, IA

$13.85 /SF/Yr
Avg Asking Price
$8–$25 /SF/Yr
Price Range
35,222 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 - Office space offers a flexible layout for tenant-specific customization in downtown Cedar Rapids.
Where is this office units located?
The property is located at 550 2nd Street SE 300 Cedar Rapids, IA.
What are key features of this property?
This property features: Entire third floor available for office occupancy; Tenant‑specific customization permitted; 64,800‑square‑foot property constructed in 1970
More about this property
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