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1 Parsons Dr Hiawatha, IA 52233

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For Sale
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73,674 SF Office Building, Vacant, $108/SF

Property size:
73,674 SF

Property Features for 1 Parsons Dr

General Information

Property type
Medical offices
Square Feet
73,674 SF
Class
B
Lot Size
250,034 SF

Building Details

Year Built/Renovated
1991/2017
Buildings
1
Stories
2
Units
4

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Listing Contact
Josh Seamans
Josh Seamans

Listing Agency: Cushman & Wakefield - West Des Moines, Iowa Listing Agent: Josh Seamans

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 73,674 square foot Class B office building, located at 1 Parsons Drive in Hiawatha, IA (a northern suburb of Cedar Rapids), presents a unique owner/user opportunity. The property, built in 1991 and extensively renovated in 2017, features four units across two stories within a single building situated on a 5.74-acre lot. The building boasts high-end amenities including a kitchenette (speakeasy bar), training rooms, a fitness facility, entertainment areas, and a full-service cafeteria. With ample parking (400+ spaces) and convenient access to I-380, this property is ideally suited for a variety of office uses, including executive, medical, and traditional office spaces. The asking price is $7,950,000, translating to $107.91 per square foot. The property is currently vacant and zoned for commercial use. The Net Net Net (NNN) lease structure offers flexibility for the new owner. The property's features and location make it an attractive investment opportunity. The Linn County location and 52233 zip code provide easy access to a strong workforce and regional amenities.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

ATM Atm GoDaddy- Hiawatha Data Center

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Hiawatha
County
Linn
State
Iowa
Longitude
-91.6743399
Latitude
42.0409218

FAQs

What type of property is this?
Medical office - 73,674 SF Office Building, Vacant, $108/SF
Where is this medical office located?
The property is located at 1 Parsons Dr Hiawatha, IA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 73,674 SF Class B office building in Hiawatha, IA (Cedar Rapids suburb).; 1991 construction, extensively renovated in 2017.; Four units across two stories on a 5.74-acre lot.
(319) 343-5542 Call to check price and availability
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