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515 7th Ave SE 3,706 SF Office Building Cedar Rapids, IA 52401 $1,686,163 CAD ($454.98 CAD/SF)
Executive Summary
High-quality, all-masonry medical building is ideally situated in the Central Med-Q district with excellent visibility from 8th Avenue SE and seamless access from I-380, the Central Business District, and the vibrant NewBo area. This turnkey facility, perfect for chiropractors, physical therapists, dentists, orthodontists, or other small medical users, features four exam rooms, open triage areas with curtains, a reception area with nurses’ stations, and an X-ray room, complemented by generous parking. Building could also easily convert to traditional office. The location benefits from a traffic count of approximately 17,000 vehicles daily on 8th Avenue, driven by proximity to Mercy Medical Center and UnityPoint Health-St. Luke’s Hospital. Amid ongoing developments like the $36 million project, this property offers a prime opportunity to own a facility in a high-traffic, accessible hub!
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
3,706 SF
Building Class
B
Year Built
2004
Price
$1,686,163 CAD
Price Per SF
$454.98 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,706 SF
Building FAR
0.15
Lot Size
0.58 AC
Opportunity Zone
Yes
Zoning
Urban Form District
Amenities
- Security System
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Prime office space in Cedar Rapids Med Quarter
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,706 SF | Office | - | Now |
1st Floor
| Size |
| 3,706 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 3,706 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Prime office space in Cedar Rapids Med Quarter
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 14281-06001-00000 | Total Assessment | $879,528 CAD (2025) |
| Land Assessment | $103,700 CAD (2025) | Annual Taxes | -$3,706 CAD (-$1.00 CAD/SF) |
| Improvements Assessment | $775,828 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
14281-06001-00000
Land Assessment
$103,700 CAD (2025)
Improvements Assessment
$775,828 CAD (2025)
Total Assessment
$879,528 CAD (2025)
Annual Taxes
-$3,706 CAD (-$1.00 CAD/SF)
Tax Year
2024 Payable 2025
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515 7th Ave SE
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