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Council Street Office Property

5925 Council St NE, Cedar Rapids, IA 52402

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For Sale

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15,740 SF office property on 1.42 acres for sale.

Type:Office

Property size:

15,740 SF

Lot size:

1.42 Acres

Price / SF:

$79/SF

HighLights

Exceptional Value: Large 15,740 SF office property at a low price of $79.42 SF.
New Roof and Refreshed Façade: Significant updates completed in 2023.
High Tenant Flexibility: All but one tenant are month to month, providing options for the new owner.
Eight individual HVAC systems for efficient climate control and maintenance.
Ample Parking: 70 parking stalls available.
Multiple Internet Providers: Choice of Mediacom, CenturyLink, and ImOn.

We can help!

Contact an agent

Brian Rosteck, CCIM

For Sale

Contact for pricing

15,740 SF office property on 1.42 acres for sale.

Type:Office

Property size:

15,740 SF

Lot size:

1.42 Acres

Price / SF:

$79/SF

Added:: Feb 2, 2026
Days on Market:: 150
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 5925 Council St NE

General Information

Standard status: Active
Size: 15,740 SF
Lot size: 1.42 Acres
Property subtype: Office

Building Details

Year Built: 1992

We can help!

Contact an agent

Brian Rosteck, CCIM

Listing office Skogman Commercial Group

Listing date Feb 2, 2026

Source Crexi

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 Skogman Commercial Group

HighLights

Exceptional Value: Large 15,740 SF office property at a low price of $79.42 SF.
New Roof and Refreshed Façade: Significant updates completed in 2023.
High Tenant Flexibility: All but one tenant are month to month, providing options for the new owner.
Eight individual HVAC systems for efficient climate control and maintenance.
Ample Parking: 70 parking stalls available.
Multiple Internet Providers: Choice of Mediacom, CenturyLink, and ImOn.

Overview

This 15,740 square foot office property is situated on 1.42 acres near the intersection of Council Street and Blairs Ferry. The building's facade has been refreshed, and a new roof was installed in 2023. The property features 70 parking stalls and multiple internet provider options, including Mediacom, CenturyLink, and ImOn. The building is served by eight individual HVAC systems to accommodate climate zoning, ease of maintenance, and lower service costs. All but one tenant operate on a month-to-month basis, providing flexibility for the new owner.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$132.2k	$8.40
− Vacancy	−$31.4k	−$2.00
EGI	$100.8k	$6.40
− OpEx	−$25.2k	−$1.60
NOI	$75.6k	$4.80

15,740 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.08M

$944.9K – $1.26M (±1% cap)

NOI $75,591 @ 7.0% cap · market cap 6.05%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.28M

$1.99M – $2.66M (±1% cap)

NOI $159,466 @ 7.0% cap · market cap 12.76%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Muscular Dystrophy Association Physician OMEON INC, (Bike/Boat/Book/etc) Store The Marriage Clinic Marriage Or Relationship Counselor Marshall Lon Family Counselor Cornerstone Brief Therapy Family Counselor

Suggested Use

Location Insight

Map
Local Demand

City: Cedar Rapids
County: Linn
State: Iowa
Longitude: -91.6590188
Latitude: 42.0371167

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For sale
Office buildings
IA
Cedar Rapids
52402
5925 Council St NE

What type of property is this?

Office building - 15,740 SF office property on 1.42 acres for sale.

Where is this office building located?

The property is located at 5925 Council St NE Cedar Rapids, IA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Exceptional Value: Large 15,740 SF office property at a low price of $79.42 SF.; New Roof and Refreshed Façade: Significant updates completed in 2023.; High Tenant Flexibility: All but one tenant are month to month, providing options for the new owner.