200 2Nd Ave Cedar Rapids, IA 52403
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.
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Principal Life Insurance Co. Insurance Agency
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Principal - Financial Advisor - JD Klopfenstein Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.