200 1St St Cedar Rapids, IA 52401
- Office buildings
- 332,712 SF
- 0.97 lot acres
Current Use by Public Records
- Edison Electricians of Cedar Rapids / Electrician
- Schumacher Elevator Company / Elevator Service
- IES Diversified Inc / Trucking Company
- F & M Bank / Bank
- Alliant Energy / Electric Utility Company / Gas Company
Property Details for 200 1St St
- Year built
- 1972
- Lot size
- 0.97 lot acres
- Property size
- 332,712 SF
- Property type
- Office buildings
- APN
- 14-28-2-01-003-0-0000
- APU
- 142820100300000
Description
This iconic 21-story Class A Alliant Energy Tower, located at 200 1st St SE, Cedar Rapids, IA 52401, offers a variety of office spaces for lease. The building, situated on a 0.965-acre lot within the Urban Downtown Core zoning district (APN 142820100300000), boasts a total of 265,192 square feet. Spaces range from a minimum of 160 square feet to a maximum contiguous area of 30,384 square feet, accommodating businesses of all sizes. The building, constructed in 1972, features both traditional and executive office suites, with 18 spaces currently available. The top two floors (20 & 21) offer stunning downtown views and were previously used as executive offices. Main floor office space is also available. Annual base year full-service operating expenses are estimated at $6.00 per square foot, encompassing CAM, insurance, property taxes, utilities, and janitorial services. The condition of the space and tenant build-out are negotiable within mutually agreeable lease terms. Leases covering less than a full floor require landlord approval of space planning and design. This is a unique opportunity to secure prestigious office space in a prime Cedar Rapids location.
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
- -91.6682
- Latitude
- 41.977
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
