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425 2nd St SE - Plaza 425 3,430 - 13,720 SF Office Condo Units Offered at $85,750 - $350,000 Per Unit in Cedar Rapids, IA 52401

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Executive Summary

Premier office opportunity located in the heart of Downtown Cedar Rapids at Plaza 425. As one of Cedar Rapids’ most prominent office buildings, Plaza 425 offers excellent proximity to local restaurants, boutique shops, and numerous downtown amenities. Just blocks from Green Square Park, the Cedar Rapids Public Library, the New Bohemian District, and other key destinations, the property provides a convenient and accessible location for businesses and their employees. Plaza 425 is being offered for both sale and lease, presenting a unique opportunity for investors, owner-users, and tenants alike. The building offers flexible suite sizes on the 1st, 2nd, 5th, 7th, and 10th floors, accommodating a variety of office users. With multiple configuration options available, the property can support both smaller professional offices and larger full-floor users. Its central downtown location, strong visibility, and adaptable floor plans make Plaza 425 a solid opportunity for businesses looking to establish or expand their presence in Cedar Rapids.

7 Units Available

Unit 1
13,720 SF
Office
$343,000 ($25.00/SF)
-

Sale Type	Investment or Owner User	APN/Parcel ID	14-28-1-33-005-0-1018

Sale Type	Investment or Owner User
APN/Parcel ID	14-28-1-33-005-0-1018

Marketing Brochure/Flyer

Unit 1
3,430 SF
Office
$350,000 ($102.04/SF)
-

Sale Type	Owner User	APN/Parcel ID	14281-33005-01065

Sale Type	Owner User
APN/Parcel ID	14281-33005-01065

Description

Nicely remodeled penthouse suite - 2nd floor

Sale Notes

Office for sale

2nd St 425 CR OFF 3k SF

Unit 2
13,720 SF
Office
$343,000 ($25.00/SF)
-

Sale Type	Investment or Owner User	APN/Parcel ID	14-21-3-30-055-0-1017

Sale Type	Investment or Owner User
APN/Parcel ID	14-21-3-30-055-0-1017

Marketing Brochure/Flyer

Unit 5
13,720 SF
Office
$343,000 ($25.00/SF)
-

Sale Type	Investment or Owner User	APN/Parcel ID	14-28-1-33-005-0-1014

Sale Type	Investment or Owner User
APN/Parcel ID	14-28-1-33-005-0-1014

Marketing Brochure/Flyer

Unit 1
3,430 SF
Office
$85,750 ($25.00/SF)
-

Sale Type	Investment or Owner User	APN/Parcel ID	14-28-1-33-005-0-1069

Sale Type	Investment or Owner User
APN/Parcel ID	14-28-1-33-005-0-1069

Marketing Brochure/Flyer

Unit 2
3,430 SF
Office
$85,750 ($25.00/SF)
-

Sale Type	Investment or Owner User	APN/Parcel ID	14-28-1-33-005-0-1070

Sale Type	Investment or Owner User
APN/Parcel ID	14-28-1-33-005-0-1070

Marketing Brochure/Flyer

Unit 10
6,860 SF
Office
$171,500 ($25.00/SF)
-

Sale Type	Investment or Owner User	APN/Parcel ID	14-28-1-33-005-0-1004

Sale Type	Investment or Owner User
APN/Parcel ID	14-28-1-33-005-0-1004

Marketing Brochure/Flyer

Unit	Unit Size	Condo Use	Price	NOI
Unit 1	13,720 SF	Office	$343,000 ($25.00/SF)	-
Unit 1	3,430 SF	Office	$350,000 ($102.04/SF)	-
Unit 2	13,720 SF	Office	$343,000 ($25.00/SF)	-
Unit 5	13,720 SF	Office	$343,000 ($25.00/SF)	-
Unit 1	3,430 SF	Office	$85,750 ($25.00/SF)	-
Unit 2	3,430 SF	Office	$85,750 ($25.00/SF)	-
Unit 10	6,860 SF	Office	$171,500 ($25.00/SF)	-

Unit Size

13,720 SF

Condo Use

Office

Price

$343,000 ($25.00/SF)

NOI

Unit Size

3,430 SF

Condo Use

Office

Price

$350,000 ($102.04/SF)

NOI

Unit Size

13,720 SF

Condo Use

Office

Price

$343,000 ($25.00/SF)

NOI

Unit Size

13,720 SF

Condo Use

Office

Price

$343,000 ($25.00/SF)

NOI

Unit Size

3,430 SF

Condo Use

Office

Price

$85,750 ($25.00/SF)

NOI

Unit Size

3,430 SF

Condo Use

Office

Price

$85,750 ($25.00/SF)

NOI

Unit Size

6,860 SF

Condo Use

Office

Price

$171,500 ($25.00/SF)

NOI

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Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.

Total Building Size	206,000 SF	Year Built	1982
Property Type	Office	Lot Size	1.00 AC
Building Class	B	Parking Ratio	1.46/1,000 SF
Floors	15	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.
Typical Floor Size	13,230 SF
Zoning	Urban Downtown Core

Total Building Size	206,000 SF
Property Type	Office
Building Class	B
Floors	15
Typical Floor Size	13,230 SF
Year Built	1982
Lot Size	1.00 AC
Parking Ratio	1.46/1,000 SF
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.
Zoning	Urban Downtown Core