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123 5th Street SE Cedar Rapids, IA 52401 • Commercial - Office • Active

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Description

Invest in an iconic piece of Cedar Rapids history with this renovated 32,256 SF office building. Originally constructed by the Palmer School of Handwriting in 1903 and updated in 2010, this property blends historic charm with modern functionality. Premier leasing opportunity with approximately 8,000 SF per floor. Enjoy abundant light, open floor plans, and state-of-the art facilities designed to enhance productivity and comfort. Prominent location in the heart of downtown Cedar Rapids with excellent visibility and accessibility. Enjoy the convenience of nearby restaurants, making it a convenient location for employees and clients. With its central location, the area provides an ideal setting for businesses seeking a dynamic and engaging office environment.

Property Highlights

Property Type: Commercial - Office
Building Description: 4.0 stories
Year Built: 1903

General Information

County: Linn
Listed By:
GLD COMMERCIAL Adam Gibbs 319-731-3400
Cedar Rapids MLS
$10.50 / /per sqft
Est. $22,850/mo
Active
SQUARE FEET32,256 MLS#2404204
STATUSActive PROPERTY TYPECommercial - Office

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Shown By

Agent Name: Sherrie Brady
 Agent Phone: (563) 320-2389
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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123 5th Street Se, Cedar Rapids, IA 52401.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,200,000$3,200,000
Down Payment $112,000$640,000
Monthly Mortgage Amount $21,169$17,464
Taxes $4453$4453
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $1,921$0
Monthly Estimated Total $28,476$22,850

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