4201 Glass Rd NE, Cedar Rapids
Multi-Tenant Office Building for Sale
Marketing description
This versatile multi-tenant office building offers significant future leasing potential. Spanning 7,360 square feet on over 1.5 acres, the property features ample onsite parking with 44 spaces, providing convenience for tenants and their clients. Built in 1992, the building has seen recent updates to Suite A, adding a modern touch to its interior. Currently configured for two tenants, it offers a flexible setup that allows for continued multi-tenant use or conversion to a single-tenant layout, maximizing leasing opportunities. With Cedar Rapids Pain Associates occupying 4,106 square feet under a NNN lease at $12.10/SF ($4,140/mo. + OpEx) through January 31, 2029, the property already generates stable income for an owner-user or investor. Priced below market compared to similar properties in the area, this office building represents a unique opportunity to capitalize on a prime location and secure long-term value.
Investment highlights
• Cedar Rapids Pain Associates occupies 4,106 SF
• LPI Loans occupies 3,254 SF
• Outdoor patio area overlooking a wooded lot
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