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. 8,064 – 32,256 SF available. 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 Lease
Sub-Type
Office
Year Built
1903
Lot Size
0.19 acres
Zoning
Urban Form District
MLS® Listing#
202403562
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
$2
Estimated monthly payment
$0/mo
Principal $8 · Est. interest $12 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in CedarRapids, IA
- $319,048
- Median Listing Price
- 33
- Median Days on Market
- 1,708
- Median Sq Ft
- $146
- Median Price / Sq Ft
- 53
- Active Listings
- This home’s price is 100% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in CedarRapids, IA.
Location
- 123 5th St SE, CedarRapids, IA 52401
Points of Interest in CedarRapids, IA
Showing the CedarRapids area map.
Nearby Schools
Cedar Rapids Day School
School · 0.1 mi away
Cedar Valley Montessori School
Elementary · 0.3 mi away
Hacap
School · 0.5 mi away
McKinley Middle School
Elementary · 0.6 mi away
Metro High School
Secondary · 0.8 mi away
Xavier Catholic Schools
School · 0.8 mi away
Taylor Elementary School
Elementary · 1.0 mi away
Johnson Steam Academy
Elementary · 1.1 mi away
Harrison Elementary School
Elementary · 1.3 mi away
Roosevelt Middle School
Secondary · 1.3 mi away
Trinity Lutheran School
Elementary · 1.5 mi away
Garfield Elementary School
Elementary · 1.5 mi away
Holy Family School System
School · 1.5 mi away
Franklin Middle School
Secondary · 1.7 mi away
Wilson Middle School
Secondary · 1.7 mi away
Regis Middle School
Elementary · 1.7 mi away
Isaac Newton Christian Academy
School · 1.9 mi away
Champions at Grant Elementary School
Elementary · 2.0 mi away
Grant Elementary School
Elementary · 2.0 mi away
All Saints Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3611 1st Ave SE 2, 9, 21, 22, 23 and 24, CedarRapids, IA | $7/mo | — | — | — |
| 3110 Prairie Valley Ct SW, CedarRapids, IA | $8/mo | — | — | — |
| 2720 NE 1st Ave 200, CedarRapids, IA | $8/mo | — | — | — |
| 0 SW 4th Street, CedarRapids, IA | $8/mo | — | — | — |
| 210 2nd St SE 204, CedarRapids, IA | $8/mo | — | — | — |
| 2710 SW 6th Street Office/Showroom, CedarRapids, IA | $8/mo | — | — | — |
Moving Cost Estimate
EXIT Agents in CedarRapids
Listing Courtesy: GLD Commercial Real Estate Advisors - 3197313410
Presented by: Adam Gibbs