222 2nd Ave SE
Cedar Rapids, IA 52401
US Bank Complex | Downtown Cedar Rapids, IA · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Sale includes 186,355 SF building, a 42 stall surface parking lot, and a 256 stall parking garage
- Generational opportunity with possibility for redevelopment
- Historic building built in 1926 with additions completed in 1964 and 1980
EXECUTIVE SUMMARY
Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:
US Bank Complex | Downtown Cedar Rapids
This generational opportunity includes a 186,355 SF building, a 42 stall surface parking lot, and a 256 stall parking garage. The historic building was originally built in 1926, with additions completed in 1964 and 1980. The possibilities for redevelopment are wide, as this property is located in the heart of downtown Cedar Rapids.
US Bank Complex | Downtown Cedar Rapids
This generational opportunity includes a 186,355 SF building, a 42 stall surface parking lot, and a 256 stall parking garage. The historic building was originally built in 1926, with additions completed in 1964 and 1980. The possibilities for redevelopment are wide, as this property is located in the heart of downtown Cedar Rapids.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
186,355 SF
Building Class
B
Year Built
1926
Percent Leased
100%
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
15,530 SF
Building FAR
3.60
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
Urban - Downtown Core
AMENITIES
- Banking
- Restaurant
- Skyway
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 14214-63001-00000 | Improvements Assessment | $4,428,900 |
| Land Assessment | $263,200 | Total Assessment | $4,692,100 |
