Images
Request Info$3,200,000
Active
123 5th Street SE Overview
- Time on Site:
- 741 days
- Visits:
- 19
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.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
123 5th Street SE Facts & Features
- Type Commercial
- Sq. ft. 32,256
- Price/Sq.ft. $99
- Lot 0.19 Acres
Details
General
Income/Expenses
- Existing Lease Type: Net
Building Information
- Year Built: 1903
Location/Region
- County Or Parish: Linn
- MLS Area Major: SE Quadrant
- Postal City: Cedar Rapids
Rent/Lease Information
- Lease Considered: true
- Tenant Pays: Common Area Maintenance,Electricity,Gas,Heat,Insurance,Janitorial Service,Taxes,Trash Collection,Water
Tax Information
- Tax Annual Amount: 67222.0
General Information
- Inclusions: Building,Land
- Listing Terms: Cash,Lease,Lease Option,Other
- Parcel Number: 14214-57001-00000
- Property Sub Type: Office
- Property Type: Commercial Lease
- Zoning: UFD
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Basement: true
- Building Features: Elevator(s),Private Restrooms,Single-Tenant
- Flooring: Carpet
- Leasable Area: 32256.0
- Living Area: 32256.0
- Stories: 4
- Stories Total: 4
Exterior
Lot Information
- Lot Size Acres: 0.193
- Lot Size Area: 0.193
- Lot Size Dimensions: .193 Ac
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Roof: Membrane
General Information
- Sewer: Public Sewer
- Utilities: Electricity Available
123 5th Street SE Neighborhood
Community
52401 (Cedar Rapids) Demographics
34
Median Age
1,624
Population Density (per sq. mile)
46%
College Educated
$39,361
Estimated Median Income
242
Estimated Total Home Owners
901
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.123 5th Street SE Market Data
Based on the last 30 days in this zip code
$350,204
Average List Price
$244
Average Price per Square Foot
2
Properties Sold
75
Average Days on Market
11
Properties for Sale
123 5th Street SE History
| Date | Value | Agent |
|---|---|---|
| 6/18/2024Source: Cedar Rapids Area MLS | June 18, 2024 |
Listing provided courtesy of GLD COMMERCIAL- MLS# 2404204