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    526 2Nd Ave Cedar Rapids, IA 52401

    For Sale
    $899,000

    18,309 SF, Vacant, Historic District

    Property size:
    18,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story, Class B office building, totaling 18,309 square feet, presents a unique investment opportunity in Cedar Rapids, Iowa. Located in the desirable 2nd and 3rd Avenue Historic District at 526 2nd Ave SE, this vacant property offers convenient access to major transportation arteries, including I-380 and Highway 151, within a five-minute radius. Built in 1905 and extensively renovated in 2014 (including a 3,443 square foot lower level remodel), the building boasts a blend of historical charm and modern functionality. A 900 square foot remodel of the third floor was completed in 2020. The property sits on a 0.257-acre lot and features exclusive onsite parking, a significant advantage in a bustling urban setting. The asking price is $899,000, translating to $49.10 per square foot. The property is zoned U-BG and consists of one building with a single unit. This is an ideal opportunity for a business seeking a prominent location with ample space and convenient amenities, or for an investor looking for a strong return in a thriving market. The property's history, location, and recent renovations combine to create a compelling investment proposition. The building's single-unit layout offers flexibility for a variety of uses.

    Property Features for 526 2Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    18,309 SF
    Class
    B
    Lot Size
    11,195 SF

    Building Details

    Year Built/Renovated
    1905/2014
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • 18,309 SF Class B office building in Cedar Rapids, IA's 2nd & 3rd Ave Historic District.
    • Vacant, offering convenient access to I‑380 & Hwy 151.
    • Extensively renovated in 2014 & 2020, blending historic charm with modern updates.
    • 0.257‑acre lot with onsite parking.
    • Asking price: $899,000 ($49.10/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parker Cynthia A. Attorney Nagle, Matthew J Attorney Lynch Dallas, P.C. Law Firm O'Connell Patrick J Lawyer Mc Leod Scott ... Attorney

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6637524
    Latitude
    41.980467

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    FAQs

    What type of property is this?
    Office Property / Space - 18,309 SF, Vacant, Historic District
    Where is this office property / space located?
    The property is located at 526 2Nd Ave Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 18,309 SF Class B office building in Cedar Rapids, IA's 2nd & 3rd Ave Historic District.; Vacant, offering convenient access to I-380 & Hwy 151.; Extensively renovated in 2014 & 2020, blending historic charm with modern updates.
    (319) 900-6032
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    526 2Nd Ave Cedar Rapids, IA 52401
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    Cedar Rapids, IA 52401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    526 2Nd Ave Cedar Rapids, IA 52401
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