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- LoopNet Team
425 2nd St SE
Cedar Rapids, IA 52401
Plaza 425 · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Investment opportunities
- Excellent downtown Cedar Rapids location
- Available: Floor 1, Floor 2, Floor 7, half of Floor 10
EXECUTIVE SUMMARY
FLOORS 1 AND 2: Once in a lifetime opportunity to purchase commercial real estate for $1.00! Contact listing agent for details. Ownership is highly motivated to put the units into production by virtually giving away the commercial condo units to qualified buyers or investors. HOA/Condo fees are approximately $5.35 - $5.65/SF/Yr, which includes HVAC and common area maintenance costs. These units are also available for lease at $7.00/SF gross plus desktop electric. Parking available in adjacent city ramp, which is connected by the skywalk. FLOORS 7 AND 10: Value Add Opportunity! Various configurations and unit sizes available on the 7th and 10 floors of the Plaza 425 building. Great opportunity to own your unit and/or purchase as an investment opportunity. Can be purchased for the cost of what similar spaces rent for each year! Contact listing agent for floor plans and information on condo association. HOA/Condo fees are approximately $5.35 - $5.65/SF/Yr, which includes HVAC and common area maintenance costs.
PROPERTY FACTS
| Property Type | Office | No. Stories | 15 |
| Building Class | B | Year Built | 1982 |
| Lot Size | 1.00 AC | Parking Ratio | 1.46/1,000 SF |
| Rentable Building Area | 253,120 SF | APN / Parcel ID | 14281-33005-01001 |
| Zoning | Urban Downtown Core | ||
| Property Type | Office |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 253,120 SF |
| No. Stories | 15 |
| Year Built | 1982 |
| Parking Ratio | 1.46/1,000 SF |
| APN / Parcel ID | 14281-33005-01001 |
| Zoning | Urban Downtown Core |
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Food Service
- Security System
