123 5Th StCedar Rapids, IA 52401

For Sale
$3,200,000

Iconic Office Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional office building, located at 123 5th St SE in Cedar Rapids, Iowa, presents a unique investment opportunity. Originally constructed in 1903 by the Palmer School of Handwriting and extensively renovated in 2010, this property seamlessly blends historic charm with modern functionality. The building encompasses 32,256 square feet, offering approximately 8,000 square feet per floor, spread across one building situated on a 0.193-acre lot. The asking price is $3,200,000, translating to $99.21 per square foot. The property is zoned for Urban Form District and features abundant natural light, open floor plans, and state-of-the-art facilities designed to maximize productivity and comfort. Its prominent downtown location provides excellent visibility and accessibility, with convenient access to nearby restaurants. This NNN lease property offers a premier leasing opportunity in the heart of Cedar Rapids, providing an ideal setting for businesses seeking a vibrant and engaging office environment. The building's rich history and modern amenities combine to create a truly exceptional workspace.

Highlights

  • Downtown office building available for sale or lease.
  • High visibility and excellent accessibility.

Property Details for 123 5Th St

Property type
Other office properties, Office properties
Square Feet
32,256 SF
Year Built/Renovated
1903/2010
Buildings
1
Lot Size (sq. ft)
8,407 SF

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
41.979983257336
Longitude
-91.664738380918
123 5Th St, Cedar Rapids, Iowa

FAQs

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123 5Th St
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