Customizable Third-Floor Office
550 2nd St SE, Cedar Rapids, IA 52401
For Lease
$12.50 SF/Yr
Office space offers a flexible layout for tenant-specific customization in downtown Cedar Rapids.
Space Size7,630 SF - 21,480 SF
Property Size64,800 SF
Days on Market84
Property Features for 550 2nd St SE
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Spaces For Lease
at 550 2nd St SE Contact usSuite 300 $12.50/SF/Yr
Floor
3
Size
21,480 SF
Type
General Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Suite 401 $12.50/SF/Yr
Floor
4
Size
7,630 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
GLD Commercial
Listed By:
Adam Gibbs, SIOR · License IA B43857000
(319) 721-1520
Source:
Commercialcafe
Added: Aug 19
Changed: Oct 26
Last Checked: Nov 10 at 5:18AM
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
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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.
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
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,464
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Cedar Rapids, IA
$12.75 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
34,598 SF
Avg Space Size
This space is priced 2% below the average of $12.75 /SF/Yr.
Average Price Trend$/SF/Yr for Office Units in Cedar Rapids, IA
Properties on Market for Office Units in Cedar Rapids
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office space offers a flexible layout for tenant-specific customization in downtown Cedar Rapids.
Where is this office unit located?
The property is located at 550 2nd St SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
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
