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Built-Out Office Unit
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550 2ND Street SE Unit 401, Cedar Rapids, IA 52401

Configured for professional users with private offices, meeting rooms, workstations, reception, and a break area.

Space SizeContact for details
Days on Market18

Property Features for 550 2ND Street SE Unit 401

General Information

Standard status Active
Lease Term []

Space & Availability

Space Use Office
Condition Turnkey
Private Offices 7
Meeting Rooms 3
Furnished Yes

Amenities

indoor climate controlled parking
premium signage opportunity

Building Details

Year Built 1970
Listing Agency: GLD COMMERCIAL
Listed By: Adam Gibbs
Source: Cbhrealty
Added: Aug 13 Changed: Aug 29 Last Checked: Aug 29 at 6:59PM

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.

Office Unit 401 is a fully constructed professional workspace with a finished interior and an existing layout designed for team-based operations. The suite includes 7 private offices, 3 conference rooms, 8 cubicles, a break room, and a reception desk. Its prior configuration as a CPA office provides a ready framework for continued office use, with expansion capability also identified.

The premises is located at 550 2ND Street SE in Cedar Rapids, Iowa. Limited indoor climate-controlled parking is available, and the property offers a signage opportunity. The building was constructed in 1970.

Key Highlights

  • 7 private offices, 3 conference rooms, and 8 cubicles
  • Reception desk and break room included in the existing layout
  • Fully built‑out office interior with expansion capability

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 - Configured for professional users with private offices, meeting rooms, workstations, reception, and a break area.
Where is this office units located?
The property is located at 550 2ND Street SE Unit 401 Cedar Rapids, IA.
What are key features of this property?
This property features: 7 private offices, 3 conference rooms, and 8 cubicles; Reception desk and break room included in the existing layout; Fully built‑out office interior with expansion capability
More about this property
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