Investment Overview
Offered for sale is a rare opportunity to acquire a multi-tenant office campus in NE Cedar Rapids, combining immediate income potential with long-term flexibility for owner-users or investors. Situated on a 5.66-acre wooded site, the property offers a unique blend of privacy, natural surroundings, and accessibility—an increasingly scarce combination in today’s office market.
Originally constructed in 1976 and thoughtfully converted into a multi-tenant layout, the building provides a highly functional mix of private offices, conference rooms, shared amenities, and flexible suite configurations.
The property contains approximately 27,736 sqft. total building area, including a fully finished lower level with quality office buildout. The layout supports multiple tenancy options, making it well-suited for professional services, medical users, or multi-tenant investment.
Surrounded by mature trees and backing to a wooded setting, the property delivers a quiet, campus-like environment—while still being located less than 5 minutes from retail, restaurants, and Highway 100, and within 10 minutes of Downtown Cedar Rapids and I-380.
Property Highlights:
Office campus setting with mature trees and park-like environment
27,736 sqft. building |
Flexible multi-tenant layout supporting a wide range of users
Strong parking ratio (±33,000 SF paved area)
Common amenities including kitchen, breakroom, and training/auditorium space
Infrastructure in place including server room and mechanical systems
Owner-user or value-add investment opportunity
Investment Profile:
The property offers a compelling investment opportunity with in-place income and multiple avenues for value creation. Investors can increase returns through lease-up, suite reconfiguration, or repositioning toward smaller professional tenants—a segment that continues to demonstrate stable demand in the Cedar Rapids market.
For owner-users, the building provides the ability to occupy a portion of the space while offsetting occupancy costs through tenant income, creating a highly efficient long-term ownership structure.
Financial & Property Details:
Sale Price: $2,250,000
Lot Size: 5.66 Acres
Year Built: 1976
Assessed Value: $1,192,100
Property Taxes: ~$38,364 annually
Opportunities to acquire a multi-tenant office campus with this level of flexibility, setting, and location are limited. This asset is well-positioned for long-term stability and upside in an evolving office market.
Lease Description:
Tranquil Office Suites for Lease – Ideal for Professionals Seeking Affordability & Nature
Discover a unique leasing opportunity nestled in a serene wooded setting—perfect for businesses looking to balance productivity with peace. This property offers an affordable, professional environment enhanced by natural surroundings that create a distinctive and calming work atmosphere.
Enjoy the simplicity of a gross lease structure, minimizing your overhead with predictable monthly expenses. Your team will benefit from a comfortable and inspiring space while you enjoy cost savings and convenience.
Key Highlights:
Located just off Edgewood Rd & 42nd St NE
Less than 1 mile to Highway 100
Easy access to I-380
Zoning: Traditional Mixed Use Limited
Available Suites: A1 and B1–B5
Position your business in a setting that supports both productivity and well-being. Contact us today to schedule a tour or request more information.
Discover a centrally located, well-maintained multi-tenant office building just minutes from everything Cedar Rapids has to offer. Positioned less than 5 minutes from restaurants and shopping and 10 minutes to Downtown Cedar Rapids, this property offers the ideal blend of convenience and a quiet, professional environment. Nearby amenities include Twin Pines Golf Course, multiple retail centers, and easy access to major roadways.
Backing up to a wooded lot, the building features private, quiet suites with peaceful views—perfect for businesses seeking a calm, productive setting.
Suite Highlights:
B Suites
Ideal for professionals working from home who want better work-life balance. These suites provide an efficient, private workspace in a quiet setting with convenient access to amenities.
Suites A1 & A2
Professional office suites featuring:
Welcoming reception areas
Private offices
Conference rooms
These suites are an excellent fit for attorneys, financial services, consulting firms, or other client-facing professionals.
Suite E1
A versatile office layout including:
4 private offices
Kitchen
Open gathering/collaboration area
Great for teams that want flexibility and multiple work zones.
Suite E2
A highly functional space for small businesses needing walk-in access for client visits. Efficient layout and strong visibility within the building.
Building Amenities
Central, convenient NE Cedar Rapids location
Welcoming shared reception area
Multiple private offices throughout
Large kitchen/breakroom
Auditorium / large training area
Dedicated server room with independent cooling unit
Quiet and semi-secluded yet close to all major amenities and downtown
Suite E2
A highly functional space for small businesses needing walk-in access for client visits. Efficient layout and strong visibility within the building.
Building is almost full. Only suites A1 & B1 are left.
For showings, please contact my associate George Harker.
George Harker
Pinnacle Realty
Cell: (319) 899-2832
Email: gharker@pinnaclerealtyia.com
For additional questions, feel free to call, text or email myself or George. Happy to help.