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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

200 2Nd Ave Cedar Rapids, IA 52403

67,000 SF 0.39 ac lot Built 1900
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 67,000 SF
Lot 0.39 ac (16,988 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Principal Life Insurance Co. Insurance Agency
  • Principal - Financial Advisor - JD Klopfenstein Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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