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5005 Bowling St SW 17,285 SF Vacant Office Building Cedar Rapids, IA 52404 $2,783,424 CAD ($161.03 CAD/SF) 4.57% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Located in established professional business area.

EXECUTIVE SUMMARY

This office investment is well-suited for an owner-user seeking supplemental income. The property is currently configured as a three-tenant building, with two
established healthcare tenants in place occupying 58% of the space. The remaining 9,980 SF is available for an owner occupant, offering the opportunity to
build equity while benefiting from existing rental income. Both tenants are regional healthcare providers with multiple locations across the Midwest.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,285 SF
Building Class
C
Year Built
1999
Price
$2,783,424 CAD
Price Per SF
$161.03 CAD
Cap Rate
4.57%
NOI
$127,242 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,285 SF
Building FAR
0.14
Lot Size
2.84 AC
Zoning
S-MC - Suburban Mixed-Use Community Center
Parking
69 Spaces (3.7 Spaces per 1,000 SF Leased)

AMENITIES

  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste A
  • 1,866 SF
  • Office
  • Partial Build-Out
  • Now

Delivered as a vanilla shell, ready for a customized floor plan. TI Allowance available for new flooring, paint, and drywall finish. Pass-through expenses are estimated and include Tenant’s electricity. Lease term is negotiable.

  • 1st Fl-Ste A1
  • 3,922 SF
  • Office
  • Partial Build-Out
  • Now

Delivered as a vanilla shell, ready for a customized floor plan. TI Allowance available for new flooring, paint, and drywall finish. Pass-through expenses are estimated and include Tenant’s electricity. Lease term is negotiable.

  • 1st Fl-Ste A2
  • 4,192 SF
  • Office
  • Partial Build-Out
  • Now

Delivered as a vanilla shell, ready for a customized floor plan. TI Allowance available for new flooring, paint, and drywall finish. Pass-through expenses are estimated and include Tenant’s electricity. Lease term is negotiable.

Space Size Space Use Condition Available
1st Fl-Ste A 1,866 SF Office Partial Build-Out Now
1st Fl-Ste A1 3,922 SF Office Partial Build-Out Now
1st Fl-Ste A2 4,192 SF Office Partial Build-Out Now

1st Fl-Ste A

Size
1,866 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A1

Size
3,922 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A2

Size
4,192 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A

Size 1,866 SF
Space Use Office
Condition Partial Build-Out
Available Now

Delivered as a vanilla shell, ready for a customized floor plan. TI Allowance available for new flooring, paint, and drywall finish. Pass-through expenses are estimated and include Tenant’s electricity. Lease term is negotiable.

1st Fl-Ste A1

Size 3,922 SF
Space Use Office
Condition Partial Build-Out
Available Now

Delivered as a vanilla shell, ready for a customized floor plan. TI Allowance available for new flooring, paint, and drywall finish. Pass-through expenses are estimated and include Tenant’s electricity. Lease term is negotiable.

1st Fl-Ste A2

Size 4,192 SF
Space Use Office
Condition Partial Build-Out
Available Now

Delivered as a vanilla shell, ready for a customized floor plan. TI Allowance available for new flooring, paint, and drywall finish. Pass-through expenses are estimated and include Tenant’s electricity. Lease term is negotiable.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19102-52002-00000
Land Assessment
$546,339 CAD
Improvements Assessment
$2,167,578 CAD
Total Assessment
$2,713,917 CAD
  • Listing ID: 37444846

  • Date on Market: 2025-08-27

  • Last Updated:

  • Address: 5005 Bowling St SW, Cedar Rapids, IA 52404

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