213 4th Ave SE - Office FOR SALE


Cedar Rapids, IA 52403- Downtown Cedar Rapids
$2,325,000 USD
319-731-3412
213 4th Ave SE, Cedar Rapids, IA for Sale
$2,325,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

213 4th Ave SE
Cedar Rapids, IA 52403
Downtown Cedar Rapids


HIGHLIGHTS

  • Direct skywalk access connects the building to downtown amenities.
  • Located within a designated Opportunity Zone in downtown Cedar Rapids.
  • Recent upgrades include rooftop units and building systems improvements.
  • Key card access, security doors, and camera systems are in place.

OVERVIEW

The Historic Lattner Building presents an opportunity to acquire a multi-story downtown office asset in the heart of Cedar Rapids. Located within a designated Opportunity Zone, the property offers a combination of historic character, functional office space, and long-term repositioning potential for investors and owner-users alike. The building contains approximately 25,110 square feet and benefits from direct connectivity to the downtown skywalk system and an adjacent city parking ramp, enhancing accessibility for tenants, employees, and visitors. The property has been maintained and updated with improvements that support ongoing operations, including newer rooftop units, an upgraded first-floor zone system, key card access, security doors, and camera systems. A basement level provides additional storage and support space, creating operational flexibility for a variety of business uses. The Urban Downtown Core zoning designation further supports a broad range of potential occupancy strategies. Positioned within downtown Cedar Rapids, the asset is surrounded by restaurants, services, and business amenities that contribute to a walkable urban environment. Its central location provides convenient access to the city's commercial core while benefiting from continued investment activity associated with the Opportunity Zone designation. Qualifying investments may be eligible for applicable Opportunity Zone tax benefits. For investors seeking a value-add office asset or businesses looking to establish a headquarters presence in downtown Cedar Rapids, the Historic Lattner Building offers a combination of accessibility, historic significance, and operational flexibility.

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Historical Lattner Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

Urban Downtown Core

APN/PARCEL ID

14281-33003-00000

ASK ABOUT THIS PROPERTY

Erica SeelmanGLD CommercialMore Info
319-731-3412

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Erica SeelmanGLD CommercialMore Info
319-731-3412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.