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    118 2Nd Ave Cedar Rapids, IA 52401

    Sponsored
    For Lease
    $15 SF/Yr

    Downtown Executive Suites, Move-In Ready

    Lot size:
    82,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Class A, 82,144 square foot office building at 118 2nd Ave SE in Cedar Rapids, IA, offers exceptional executive office space. Built in 1923 and situated on a 0.386-acre lot, this five-story building is zoned for Urban Downtown Core use (APN: 14213-82001-00000). Currently, 32,720 contiguous square feet are available, divisible into units as small as 16,360 square feet. The available space, located on the 4th and 5th floors, boasts a sophisticated interior finish designed by Solum Lang Architects, creating a modern and professional atmosphere. Convenient elevator access and a secure lobby entrance ensure privacy. The space is move-in ready, with existing office furniture potentially available. All utilities and janitorial services are included in operating expenses. Potential for demising options and ramp parking exists. This exceptional downtown Cedar Rapids location offers a unique opportunity for businesses seeking a prestigious and functional workspace. The property is located in Linn County, Iowa, zip code 52401.

    Property Features for 118 2Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,144 SF
    Class
    A
    Total Rate
    109183.07

    Building Details

    Year Built
    1923
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 5
    Size
    32,720 SF
    Rate per SF
    $15
    Space
    Suite 4
    Size
    32,720 SF
    Rate per SF
    $15

    HighLights

    • Two contiguous floors available, each 16,360 square feet.
    • Two contiguous floors available, each 16,360 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    UFG Insurance Insurance Company

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop 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
    -91.668416993131
    Latitude
    41.977489366993

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Executive Suites, Move-In Ready
    Where is this office property / space located?
    The property is located at 118 2Nd Ave Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Two contiguous floors available, each 16,360 square feet.; Two contiguous floors available, each 16,360 square feet.;
    Request Owner's contact information
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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
    118 2Nd Ave Cedar Rapids, IA 52401
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