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1221* Park Place NE

Cedar Rapids, IA 52402
  • $2,728,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 2501220
UPDATED: 5 min ago
$2,728,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,375
    SQFT
  • $84
    $/SQFT
Neighborhood:
NE Quadrant
Type:
Commercial
Built:
1983
County:
Linn
Area:
NE Quadrant

School Ratings & Info

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Description

*Also includes 1231 Park Place NE & 5021 Duffy Dr NE, Cedar Rapids. Prime 3 building, multi-tenant office investment opportunity off HW-100/Collins Rd NE, adjacent to Panera Bread. Enjoy consistent occupancy, excellent parking, and effortless I-380 access. Well-maintained buildings with a proven track record. It currently has approximately 87% occupancy with the potential for rent lift and additional upside through additional leasing.

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© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-03-16T15:42:52.703.
www.realtybrotherscr.com/homes/160808443
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1221* Park Place NE Cedar Rapids, IA 52402

  • Price: $2,728,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 5 min ago
  • MLS #: 2501220
0
Beds
0
Baths
0
½ Baths
N/A
Acres
32,375
SQFT
$84
$/SQFT
1983
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
Property Description
*Also includes 1231 Park Place NE & 5021 Duffy Dr NE, Cedar Rapids. Prime 3 building, multi-tenant office investment opportunity off HW-100/Collins Rd NE, adjacent to Panera Bread. Enjoy consistent occupancy, excellent parking, and effortless I-380 access. Well-maintained buildings with a proven track record. It currently has approximately 87% occupancy with the potential for rent lift and additional upside through additional leasing.
Exterior Features

Construction Materials Frame Parking Features Off Street Roof Membrane

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Heating Central Gas Heating YN Yes Levels One

Property Features

Building Features Multi- Tenant Private Restrooms Electric 220 Volts Inclusions Building Land Lease Considered YN No Listing Terms Cash Possession Close Of Escrow Property Sub Type Investment Property Sub Type Additional Investment Sewer Public Sewer Tax Annual Amount 83082 Utilities Electricity Available Natural Gas Available Water Source Public Zoning Sub Mix Zoning Description Sub Mix

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Tiffany Earl Williams of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-03-16T15:42:52.703.
 
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Rosekrans Stines Team | RE/MAX Concepts
5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411