425 2nd Street Southeast

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425 2nd Street Southeast

Cedar Rapids, IA 52401
Asking Price
$343K
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office property located at 425 2nd Street Southeast
  • Asset is situated within the centrally located 425 Plaza
  • Flexible suite sizing accommodates diverse business and professional configurations
  • Site benefits from immediate proximity to downtown Cedar Rapids amenities
  • The property is currently listed for sale at 343000 dollars

What's Special

This traditional office property at 425 2nd Street Southeast represents a functional acquisition in the heart of downtown Cedar Rapids. Situated within the 425 Plaza, the asset provides a professional environment suitable for various corporate or service-based businesses seeking a central location. The regional economy in Cedar Rapids remains diverse, with a steady demand for professional space serving the local workforce. As a fixture of the downtown core, this site offers immediate access to the surrounding commercial district, providing tenants and business owners with proximity to essential downtown amenities. The layout supports flexible suite sizing, catering to different operational needs or configurations for potential occupants. Investors or business owners evaluating assets in this Iowa market will find this property well-positioned to serve long-term professional requirements in a stabilized urban corridor.

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NOI
$80,000
Cap Rate
23.32%
DSCR
3.93
Strong
Cash-on-Cash
57.96%
Monthly Payment
$1,696.977
Annual Cash Flow
$59,636.278

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