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Property profile & analytics

118 2Nd Ave Cedar Rapids, IA 52401

  • Office buildings
  • 82,144 SF
  • 0.39 lot acres
Value Estimations
$600,000
Cap Rate Potential
Location Intelligence
Property ID
US25-0177072
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • UFG Insurance / Insurance Company / Corporate Office

Property Details for 118 2Nd Ave

Year built
1923
Lot size
0.39 lot acres
Property size
82,144 SF
Property type
Office buildings
APN
14-21-3-82-001-0-0000
APU
142138200100000

Description

This Class A, 82,144 square foot office building at 118 2nd Ave SE in Cedar Rapids, IA, offers exceptional executive office space. Built in 1923 and situated on a 0.386-acre lot, this five-story building is zoned for Urban Downtown Core use (APN: 14213-82001-00000). Currently, 32,720 contiguous square feet are available, divisible into units as small as 16,360 square feet. The available space, located on the 4th and 5th floors, boasts a sophisticated interior finish designed by Solum Lang Architects, creating a modern and professional atmosphere. Convenient elevator access and a secure lobby entrance ensure privacy. The space is move-in ready, with existing office furniture potentially available. All utilities and janitorial services are included in operating expenses. Potential for demising options and ramp parking exists. This exceptional downtown Cedar Rapids location offers a unique opportunity for businesses seeking a prestigious and functional workspace. The property is located in Linn County, Iowa, zip code 52401.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $600,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.6684
Latitude
41.9779
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$248,754
$504,400
$7,131,300
$7,635,700
-
$504,400
$7,131,300
$7,635,700
More about this property
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