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  1. Office Space
  2. IA
  3. Cedar Rapids

123 5th St SE

For Lease 32,256 SF

123 5th St SE, Cedar Rapids, IA 52401

Prominent location in the heart of downtown Cedar Rapids with excellent visibility and accessibility. Enjoy the convenience of nearby restaurants, making it a convenient location for employees and clients. With its central location, the area provides an ideal setting for businesses seeking a dynamic and engaging office environment.Invest in an iconic piece of Cedar Rapids history with this renovated 32,256 SF office building. Originally constructed by the Palmer School of Handwriting in 1903 and updated in 2010, this property blends historic charm with modern functionality. Premier leasing opportunity with approximately 8,000 SF per floor. Enjoy abundant light, open floor plans, and state-of-the art facilities designed to enhance productivity and comfort.Invest in an iconic piece of Cedar Rapids history with this renovated 32,256 SF office building. Originally constructed in 1903 and updated in 2010, this property seamlessly blends historic charm with modern functionality. Premier leasing opportunity with approximately 8,000 SF per floor. This prime office space offers flexibility and functionality to suit your business needs. Enjoy abundant light, open floor plans, and state-of-the art facilities designed to enhance productivity and comfort.

Rental Details

  • Number of spaces 1
  • Total square feet available 32,256 SF
  • For Lease $10.50/SF/YR
  • Space Type Office
  • Lease Type NNN
  • Latest Update Jul 16, 2026
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1 Space Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
123 5th St SE Office $10.50/SF/YR 32,256 SF - NNN

123 5th St SE

Space Type

Office

Lease Rate

$10.50/SF/YR

Additional Rent

Price on request

Total Space Available

32,256 SF

Divisible Space

32,256 - 32,256 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

123 5th St SE

Space Type
Office
Lease Rate
$10.50/SF/YR
Total Space
32,256 SF
Lease Type
NNN
Space Type

Office

Lease Rate

$10.50/SF/YR

Additional Rent

Price on request

Total Space Available

32,256 SF

Divisible Space

32,256 - 32,256 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

broker
Adam Gibbs, SIOR

GLD Commercial

Building Details

  • For Lease $10.50/SF/YR
  • Property Type Office - General Office
  • Property Size 32,256 SF
  • Lot Size 0.19 Acre
  • Additional Rent Price on request
  • Building Class B
  • Year Built 1903
  • Year Renovated 2010
  • Date Updated Jul 16, 2026

Location

  • City Cedar Rapids, IA
  • Zip Code 52401
  • Map
  • Street
  • Walk score 72/100 Very Walkable
  • Transit score 38/100 Some Transit
  • Bike score 81/100 Very Bikeable
Powered by Walk Score ®

Points of Interest

ChargePoint

0.49 miles

Casey's General Store

0.51 miles

Kum & Go

0.71 miles

Fas Fuel

0.83 miles

Caseys

0.90 miles

Sinclair - Hawkeye

1.01 miles

Conoco

1.16 miles

Tesla Supercharger

1.68 miles

Hy-Vee Gas Station

1.72 miles

Kwik Shop

1.89 miles

Five Seasons Parking Ramp

0.10 miles

3rd Avenue Ramp

0.16 miles

Lot 9

0.24 miles

Lot 10

0.25 miles

Lot 12

0.28 miles

GTC Ramp

0.28 miles

Paramount Lot

0.29 miles

CRST Parking Garage

0.31 miles

Immaculate Conception Catholic Church Parking

0.36 miles

May's Island Ramp

0.40 miles

Johnny Boy's

0.69 miles

Big Z's Car Wash

1.62 miles

Five Seasons Detail

2.13 miles

Washmohr Car Wash

2.15 miles

Mt. Vernon Car Wash

2.35 miles

Sparkling Image Car Wash

2.59 miles

Enterprise

2.78 miles

Mister

2.96 miles

Tommy's Express Car Wash

3.28 miles

Hertz

3.30 miles

Bricks Bar & Grill

0.09 miles

Allure

0.12 miles

Teeghans Ice Bar

0.13 miles

Primo Burrito

0.15 miles

Taco Bell

0.15 miles

Deb's Ice Cream & Deli

0.16 miles

Izumi Sushi and Hibachi

0.16 miles

Rock Bar American Grill

0.17 miles

350 First

0.18 miles

The Vault

0.18 miles

Babanur International Grocery

0.78 miles

K.A.F.F. Oriental & African Market

0.88 miles

Hy-Vee

0.95 miles

New Pioneer Food Co-Op

2.26 miles

Town and Country Shopping Center

2.93 miles

Our Himalayan Store

3.00 miles

Fareway

3.01 miles

JCPenney

3.31 miles

Ross

3.43 miles

Burlington

3.46 miles

Cedar Rapids Fire Department Central Station

0.20 miles

UnityPoint Health Work Well Clinic Therapy Plus

0.30 miles

Physicians Clinic of Iowa

0.34 miles

Medical Plaza

0.36 miles

Mercy Care Downtown

0.37 miles

Mercy Medical Center

0.43 miles

Saint Lukes Surgery Center

0.44 miles

Saint Luke's Hospital

0.46 miles

Cedar Rapids OB Gyn

0.48 miles

Helen G. Nassif Center for Woman's & Children's Health

0.48 miles

Listing Summary

  • Office Space Available at 123 5th St SE

    Office space currently available at 123 5th St SE adds up to a total of 32,256 square feet across 1 listing(s). The largest individual space listed offers 32,256 square feet. Property use types available for lease at this property include: office.

  • Learn More about 123 5th St SE

    The property incorporates a total of 32,256 square feet of space. 123 5th St SE was built in 1903. The most recent renovation work at this property was completed in 2010.

    Interested in researching more about this property? Access in-depth research on 123 5th St SE, including ownership details, transaction history, property characteristics, taxes, mortgage data, violations and more by creating a free account and viewing the full property report.

Contact Adam Gibbs, SIOR
broker
Adam Gibbs, SIOR

GLD Commercial

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