Financial
Distress signals
Property profile

316 2Nd St SE 130 Cedar Rapids, IA 52401

FOR LEASE
Office buildings
Property ID
US25-0442922
84,000 SF 0.39 ac lot Built 1913
Last sale Jun 2021 · $195,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This first-level retail suite is located in Town Centre in downtown Cedar Rapids and previously operated as an Early Bird Cafe. The suite has immediate exterior access and includes exclusive interior restrooms. It is connected to the downtown skywalk system and is characterized as having updated, modern features. The stated square footage reflects usable area for the suite. An onsite parking ramp is planned to reopen in 2025, providing immediate on-site parking for the property, and tenant parking is subject to negotiation when leased.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$164k
Tax billed · 2022
Assessed value · 2023$3.95M
Assessed land$504k
Assessed improvement$3.45M
Effective rate4.16%

Value estimate

· Sep 2026
$3.65M
$3.29M – $4.02M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$52 – $99

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.0
Convenience Store9.7
Barber Shop9.2

Location

316 2Nd St SE, Unit 130 Cedar Rapids, IA 52401
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
313 3rd SE, Cedar Rapids, IA 52401-1506 $128,000 May 2024 16,800 SF
427 6th SE, Cedar Rapids, IA 52401 $3,150,000 Mar 2024 31,649 SF
200 5th SE, Cedar Rapids, IA 52401-1856 $3,650,000 Nov 2021 24,000 SF
213 4th SE, Cedar Rapids, IA 52401 $2,175,000 Nov 2021 25,110 SF
788 8th SE, Cedar Rapids, IA 52401-2107 $1,733,635 Nov 2020 73,180 SF
425 2nd St Se, Cedar Rapids, IA 52401-1888 $165,000 Feb 2019 13,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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