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Multi-Floor Office Suites
For Lease
$85,750

721-425 2nd St Se, Cedar Rapids, IA 52401

Professional workspace is available across multiple levels in a 12-story downtown office property.

Space Size3,430 SF - 13,720 SF
Property Size206,000 SF
Days on Market220

Property Features for 721-425 2nd St Se

General Information

Standard status Active
Size 3,430 SF - 13,720 SF
Net Rentable 3,430 SF
Lease Type NNN

Space & Availability

Available Space 3,430-13,720 SF
Space Use Office
Sublease No

Taxes and HOA fees

Annual Taxes $1,481

Building Details

Stories 12
Building Size 206,000 SF
Listing Agency: SKOGMAN REALTY COMMERCIAL
Listed By: Tiffany Earl Williams-WSG CRE
Source: Exprealty
Added: Jan 27 Changed: Sep 2 Last Checked: Sep 4 at 9:03AM

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 REALTY COMMERCIAL

Investment Insights

Based on property information with market context.

Office suites are available at Plaza 425 in a 12-story building, with options from 3,430 to 13,720 SF. Spaces are offered on the 1st, 2nd, 5th, 7th, and 10th floors, accommodating requirements ranging from smaller professional offices to full-floor occupancy.

The property is located at 721-425 2nd St SE in Cedar Rapids’ central business core. Green Square Park, the Cedar Rapids Public Library, the New Bohemian District, and nearby dining and retail are all identified as surrounding destinations. The building supports tenants seeking a downtown office address with multiple suite sizes and floor locations.

Key Highlights

  • Suite sizes range from 3,430 to 13,720 SF
  • Availability on the 1st, 2nd, 5th, 7th, and 10th floors
  • 12‑story office building in Cedar Rapids’ central business core

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Auto Parts Store Storage Facility Big Box & Wholesale Store Grocery & Convenience Store Barber Shop

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

1,974
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

$13.49 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
37,218 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 - Professional workspace is available across multiple levels in a 12-story downtown office property.
Where is this office units located?
The property is located at 721-425 2nd St Se Cedar Rapids, IA.
What is the lease rate?
The lease rate is $85,750.
What are key features of this property?
This property features: Suite sizes range from 3,430 to 13,720 SF; Availability on the 1st, 2nd, 5th, 7th, and 10th floors; 12‑story office building in Cedar Rapids’ central business core
More about this property
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