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    200 2Nd Ave Cedar Rapids, IA 52403

    Sponsored
    For Sale
    $3,600,000

    67,000 SF Executive Office Space - Vacant

    Property size:
    67,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 67,000 square foot executive office building, located at 200 2nd Avenue SE in Cedar Rapids, Iowa, presents a remarkable investment opportunity. Built in 1900, this four-story structure sits on a 0.39-acre lot (16,800 square feet) and boasts a prime downtown location within the city's skywalk system. The building features a multi-tenant layout with various suite and floor plan options available, making it ideal for owner-users or investors seeking a substantial presence in the Cedar Rapids market. The interior includes concrete block construction, concrete slab flooring, and central heating and air conditioning. Amenities include an elevator, restrooms, and a sprinkler system. The building is equipped with 220-volt power and city water, sewer, and road access. Ceiling heights range from 7 to 10 feet. The property is currently vacant and zoned U-DC, offering significant flexibility for future development. This is a rare chance to acquire a substantial, well-located commercial property in a thriving Iowa city. The asking price is $3,600,000.

    Property Features for 200 2Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    67,000 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    1900
    Stories
    4

    HighLights

    • Multi‑tenant office building, 67,000 SF.
    • 7‑10 ft. ceiling heights.
    • Concrete block construction with concrete slab flooring.
    • Central heating and air conditioning.
    • 16,800 SF lot.
    • Elevator, restrooms, and sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Principal Life Insurance ... Insurance Agency Principal - Financial Advisor ... Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.5886966
    Latitude
    41.9781094

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    FAQs

    What type of property is this?
    Office Property / Space - 67,000 SF Executive Office Space - Vacant
    Where is this office property / space located?
    The property is located at 200 2Nd Ave Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Multi-tenant office building, 67,000 SF.; 7-10 ft. ceiling heights.; Concrete block construction with concrete slab flooring.
    Request Owner's contact information
    200 2Nd Ave Cedar Rapids, IA 52403
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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
    200 2Nd Ave Cedar Rapids, IA 52403
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