221 2nd SE Ave, Unit 1 Cedar Rapids, IA 52401-1224
Property profile & analytics
221 2nd SE Ave, Unit 1, Cedar Rapids, IA 52401-1224
- Turn key restaurants
- 5,708 SF
Property ID
US25-0429829
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.
Location Intelligence
Current Use by Public Records
- University of Iowa Tippie College of Business / University / College
- Skywalk Group / Employment Agency
- University of Iowa MBA Off / University / Business School
- Aspect Inc / Architect
- Izumi Sushi & Hibachi / Restaurant
Property Details for 221 2nd SE Ave
- Year built
- 1905
- Property type
- Turn key restaurants
- APN
- 14-21-4-64-010-0-1000
- APU
- 142146401001000
Description
This exceptional downtown Linn County office building, constructed in 1880 and boasting 18,120 square feet across three stories, offers two distinct spaces for lease. Suite 210 presents 4,000 square feet of adaptable open-plan office space, perfect for a modern business. This second-floor suite includes two private offices, a shared break area with restrooms, and utilities are included in the base rent. A tenant improvement allowance may be available based on lease terms and tenant qualifications. Alternatively, Suite 300 provides 12,000 square feet of former University of Iowa classroom space, ideal for a larger organization or educational institution. This expansive suite features four large classrooms, twelve private offices or breakout rooms, a smaller open workspace, and private restrooms. Tenants in Suite 300 are responsible for utilities. Both suites are located within a well-maintained building situated in the Urban Downtown Core zoning district, offering convenient access to downtown amenities. The property sits on a 0.139-acre lot and has a minimum divisible space of 4,000 square feet, with a maximum contiguous space of 12,000 square feet. Currently, 16,000 square feet of space is available. The property's APN is 14214-64005-00000. This versatile property is suitable for a range of businesses seeking flexible and well-located office space in the heart of downtown.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.667
- Latitude
- 41.978
- 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
$13,614
$46,600
$314,500
$361,100
-
$46,600
$314,500
$361,100
