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Office / Multi Family Space 1056 5th Ave SE 5,175 SF 100% Leased Office Building Cedar Rapids, IA 52403 $385,000 ($74.40/SF) 12% Cap Rate

Office Spaces Iowa Cedar Rapids 1056 5th Ave SE, Cedar Rapids, IA 52403

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INVESTMENT HIGHLIGHTS

  • Geo Therma Heating
  • Brand New Roof
  • Brand New Windows

EXECUTIVE SUMMARY

Commercial Building with two apartment rentals on the second floor. All new Furnace, AC, and Roof. Fully renovated and ready for sale

ATTACHMENTS

Property Info Sheet 1056 5th Ave SE - CCCU

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,175 SF
Building Class
B
Year Built/Renovated
1950/2024
Price
$385,000
Price Per SF
$74.40
Cap Rate
12%
NOI
$46,200
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,588 SF
Building FAR
3.31
Lot Size
0.04 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

  • Air Conditioning
  • Smoke Detector
1 1
Walk Score®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14223-33001-00000 Improvements Assessment $220,800
Land Assessment $5,300 Total Assessment $226,100

PROPERTY TAXES

Parcel Number
14223-33001-00000
Land Assessment
$5,300
Improvements Assessment
$220,800
Total Assessment
$226,100
(319) 395-6440

Still interested?

Contact the broker for more information about this property

CONTACT

  • AJ Wygle
    AJ Wygle
  • Collins Community Credit Union

  • Listing ID: 38994974

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 1056 5th Ave SE, Cedar Rapids, IA 52403

More public record information on 1056 5th Ave SE, Cedar Rapids, IA 52403

The Downtown Cedar Rapids Office Property at 1056 5th Ave SE, Cedar Rapids, IA 52403 is currently available. Contact Collins Community Credit Union for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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MATTERPORT 3D EXTERIOR
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1056 5th Ave SE, Cedar Rapids, IA for sale Primary Photo- Image 1 of 5
IMG_4989 Apartment Kitchen
1056 5th Ave SE, Cedar Rapids, IA for sale Building Photo- Image 2 of 5
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1056 5th Ave SE, Cedar Rapids, IA for sale Building Photo- Image 3 of 5
IMG_4988 Apartment Bedroom
1056 5th Ave SE, Cedar Rapids, IA for sale Building Photo- Image 4 of 5
IMG_4986 Stairs to Apartments
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Office / Multi Family Space | 1056 5th Ave SE
(319) 395-6440 x

Office / Multi Family Space | 1056 5th Ave SE

AJ Wygle
(319) 395-6440

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