Property summary
This exceptional office space, located at 100 1st Ave NE #116 in Cedar Rapids, IA 52401, offers a unique opportunity for businesses seeking a prominent location. The property, part of the Cedar River Tower, boasts 9,036 square feet of vacant space (actual leaseable area is 8,508 sq ft, excluding stairwells) within a 100,000 square foot building, built in 1974. The space is divisible to a minimum of 4,518 square feet and can be configured to suit various needs, with the potential to lease the main floor, lower level, or both. The layout includes 13 main floor suites and 13 lower level private suites, each featuring oversized windows, open concept areas, conference rooms, a kitchenette, and dedicated storage. The property benefits from a prime location with excellent signage opportunities, convenient access to a private frontage road, and ample parking. Eleven parking spaces are included, with an additional 28 spaces available for lease at $50 per month. The gross annual lease rate is $75,000. The zoning is commercial. Consider the potential for additional rooftop signage as a lease option. This turnkey space offers immediate occupancy and a high-visibility location near the Cedar River and 5 Seasons monument. The building features three sets of stairs for easy access between floors.
Property profile
VerifiedCap rate & NOI
Current use
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Consultant
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Insurance Agency
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Real Estate Agency
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Insurance Agency
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Insurance Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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