You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Office buildings

2919 1St Ave SE Cedar Rapids, IA 52403

2,760 SF 0.36 ac lot Built 1957
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US25-0204558
Property summary
AI-generated overview

This exceptional Cedar Rapids property, located at 2919 1st Ave SE, offers 4,140 square feet of immediately available Class A office space in a meticulously renovated building. The 15,660-square-foot building, constructed in 1957 and extensively renovated in 2020, boasts a versatile layout ideal for a variety of uses, including traditional office, coworking, or creative office spaces. The main level provides high-quality office space, while the upper level features partially renovated residential living space complete with new flooring, lighting, and paint, presenting a unique live-work opportunity. The lower level offers adaptable space perfect for conferences, meetings, or educational purposes. Each of the three levels benefits from separate entrances, new windows and blinds, and private restrooms. Ample parking is available with 16 spaces, including 12 off-street spaces to the south and 4 conveniently located off 1st Avenue. The property also includes a vacant lot at 2925 1st Ave SE. The building features a new roof (2020) and a newer HVAC system. The property is zoned Trad MU and sits on a 0.36-acre lot. The minimum divisible space is 4,140 square feet, with a maximum contiguous space of 4,140 square feet. This is a rare opportunity to acquire a versatile, high-quality commercial property in a desirable Cedar Rapids location with excellent 1st Avenue visibility. The property's unique blend of office and residential space, combined with its modern amenities and convenient location, makes it an attractive investment. The building's three levels provide flexibility for various business needs and the inclusion of the adjacent vacant lot offers potential for future expansion or development.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Total area 2,760 SF
Lot 0.36 ac (15,682 SF)
APN 14-11-3-54-011-0-0000
UPID US25-0204558
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Parlor City Deck Solutions Construction Company General Contractor
  • ProTecht Properties Property Management Company Debris Removal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Protecht Props LLC · 7 yrs held
Protecht Props LLC
since 2018
7 recorded transactions
2018
Price N/A
2018
$150,000
2016
Price N/A
2015
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message