200 2nd Avenue Se, Cedar Rapids, IA 52403

Introducing an exceptional investment opportunity in Cedar Rapids, IA! 200 2nd Ave. SE, offers a total of 54,297 SF available across multiple suites and floor plans. This property, situated at the hub of the downtown skywalk system, boasts a large internet pipeline and convenient access to downtown amenities. With a year built of 1900 and a lot size of 16,800 SF, this space presents enormous potential for residential conversion of floors two, three, and four, ideal for capitalizing on the thriving local market. Featuring a total of 67,000 SF and zoned U-DC, this property offers immense versatility and value. The APN's: 142138101200000, 142138101100000, 142138101000000, and 142138100900000 ensure a solid investment opportunity in a prime location. Don't miss out on this chance to secure a property with endless potential in the heart of Cedar Rapids!

The State Historic Preservation Office as well as the National Parks Service (feds) have approved the Principal Building as historically significant. Seller’s historian has submitted the formal Part 1 and it has been approved. This deems the property eligible for historic tax credits for 25% reimbursement of all eligible construction costs as well as federal tax credits for 20% reimbursement of all eligible construction costs. This process does not require historic preservation, but it is a required step to allow for it.