221 2nd SE Ave 1 Cedar Rapids, IA 52401-1224
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.
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University of Iowa Tippie College of Business University College
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Skywalk Group Employment Agency
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University of Iowa MBA Off University Business School
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Aspect Inc Architect
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Izumi Sushi & Hibachi Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.