118 2nd Ave SE #4th FloorCedar Rapids, IA 52401

Commercial · 16,360 Sq. ft. | 0.39 Acres
Active

118 2nd Ave SE #4th Floor Overview

Time on Site:
300 days
Visits:
6

118 2nd Ave SE offers a rare opportunity to lease move-in ready Class A office space in the heart of downtown Cedar Rapids. Connected directly to the downtown skywalk system and adjacent to ramp parking, the property provides convenient access for employees and clients alike. The available 4th and 5th floors feature modern, high-end finishes designed by Solum Lang Architects, including a mix of private offices, conference rooms, collaborative workspace, break areas, and open workstations. Existing furniture may be available, creating a true plug-and-play opportunity that can significantly reduce upfront occupancy costs and lead time. Ownership will consider demising options for smaller users, making the property well suited for regional headquarters, professional office users, technology groups, healthcare administration, customer support operations, and back-office teams seeking a downtown presence without the cost and delays of a full office buildout. Operating expenses include utilities and janitorial services.

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118 2nd Ave SE #4th Floor Facts & Features

  • Type Commercial
  • Sq. ft. 16,360
  • Lot 0.39 Acres

Details

General

Building Information

  • Year Built: 1923

Business Information

  • Business Name: Office Building

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: Out Of Area

Tax Information

  • Tax Year: 0

General Information

  • Property Sub Type: Office
  • Property Type: COMMERCIAL
  • Zoning: Urban Downtown Core

Interior

Building Interior

  • Building Area Total: 16360

General Information

  • Cooling: Central A/C
  • Flooring: Carpet
  • Heating: Gas,Central
  • Interior Features: Security System

Unit Information

  • Unit Number: 4th Floor

Exterior

Lot Information

  • Lot Size Acres: 0.39
  • Lot Size Area: Less Than .5 Acre
  • Lot Size Dimensions: 0

Building Exterior/Construction

  • Roof: Other

General Information

  • Road Frontage Type: County/City Road,Pavement
  • Utilities: Electricity,Natural Gas,Sewer,Telephone,Water-City

118 2nd Ave SE #4th Floor 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
Community data courtesy of LiveBy, Inc.

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.

118 2nd Ave SE #4th Floor Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

118 2nd Ave SE #4th Floor 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
Calculations provided by Reliance Network

118 2nd Ave SE #4th Floor History

Date Event Value Agent
9/8/2025Source: Iowa City MLS Status Change
Active
9/2/2025Source: Iowa City MLS Added to Database
September 02, 2025
Listing provided courtesy of GLD Commercial Real Estate Advisors- MLS# 202505530MLS Provider