123 5th St SE, CedarRapids, IA 52401
Linn County
Key Facts
Description
Invest in an iconic piece of Cedar Rapids history with this renovated 32,256 SF office building. Originally constructed by the Palmer School of Handwriting in 1903 and updated in 2010, this property blends historic charm with modern functionality. Premier leasing opportunity with approximately 8,000 SF per floor. Enjoy abundant light, open floor plans, and state-of-the art facilities designed to enhance productivity and comfort. Prominent location in the heart of downtown Cedar Rapids with excellent visibility and accessibility. Enjoy the convenience of nearby restaurants, making it a convenient location for employees and clients. With its central location, the area provides an ideal setting for businesses seeking a dynamic and engaging office environment.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1903
Lot Size
0.19 acres
Zoning
Urban Form District
MLS® Listing#
202403561
Property Features
Cooling
Heating
Flooring
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$67,222
Tax year 2022
Parcel Number
14214-57001-00000
Directions
Located on the corner of 5th St SE and 2nd Ave SE
Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in CedarRapids, IA
- $315,789
- Median Listing Price
- 34
- Median Days on Market
- 1,701
- Median Sq Ft
- $163
- Median Price / Sq Ft
- 56
- Active Listings
- This home’s price is 913% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in CedarRapids, IA.
Location
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Points of Interest in CedarRapids, IA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4211 Glass Road NE, CedarRapids, IA | $2,250,000 | — | — | — |
| 1140 Blairs Ferry Rd NE, CedarRapids, IA | $2,362,335 | — | — | — |
| 2939 SW 12th Avenue, CedarRapids, IA | $3,300,000 | — | 1 | 40,000 |
| 2055 N Towne Ln NE, CedarRapids, IA | $3,995,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in CedarRapids
Listing Courtesy: GLD Commercial Real Estate Advisors - 3197313410
Presented by: Adam Gibbs