200 2Nd Ave Cedar Rapids, IA 52403
- Retail properties
- 67,000 SF
- 0.39 lot acres
Current Use by Public Records
- Principal Life Insurance Co. / Insurance Agency
- Principal - Financial Advisor - JD Klopfenstein / Financial Planner / Financial Consultant
Property Details for 200 2Nd Ave
- Year built
- 1900
- Lot size
- 0.39 lot acres
- Property size
- 67,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.5887
- Latitude
- 41.9781
