118 2nd St SE, #360, Cedar Rapids, IA 52401 Property Records

Linn County property record for 118 2nd St SE, #360, Cedar Rapids, IA 52401

Property Summary

Property Type	Commercial Office
Details	6,400 sqft · built 1890
Lot Size	0.074 acres (3,223 sqft)
Owner	Company Name on File
Last Sale	$390,000 (Jul 2003)
Tax Bill	$15,224 (2025)
Deeds & Mortgages	May 2026 Construction Loan Nov 2018 Line of Credit
Flood Zone	Zone X (moderate risk)
APN	`14213-81009-00000`

Property Details

APN / Parcel Number

Primary APN	`14213-81009-00000`

Interior

Stories	3 Stories
Building Area	6,400 sqft Gross Area
1st Floor Area	3,200 sqft
Upper Floors Area	3,200 sqft
Basement Area	3,200 sqft

Exterior

Year Built	Built 1890
Effective Year Built	Effective 1890
Lot Area	3,223 sqft (0.074 acres)
Lot Dimensions	40 ft deep x 40 ft wide

Location & Zoning

Street Address	118 2ND ST SE, 360
City	CEDAR RAPIDS
State	IA
Zip	52401-1201
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Legal Description	O T NW 40 SW 20 LOT 9 & NW 40 STR/LB 10 15
Legal Range	7W
Legal Township	83N
Legal Section	21
Legal Subdivision	ORIGINAL TOWN NOW CITY OF CEDAR RAPIDS
Legal Block	15
Legal Lot Number	9
Jurisdiction	LINN IA
Township / Civil Division	CEDAR RAPIDS
Census Block Group	3
Census Block	3052
Census Tract	1900

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Cedar Rapids Central Business District Commercial Historic District listed 2015 · 47 contributing resources · NRIS 15000757

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

118 2nd St SE, #360 is owned by a company that bought it in July 2003.

Source: Linn County records, as of October 5, 2026

Owner of Record	Company Name on File
Mailing Address	221 2ND AVE SE, 400, CEDAR RAPIDS, IA 52401-1232
Owner Type	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
May 15, 2026	Deed of Trust, Mortgage · Construction Mortgage BANKIOWA
Nov 28, 2018	Grant Deed, Mortgage · Line of Credit DUPACO CMNTY CU

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 14, 2003 · Amount on File
Deed Sale	Jul 14, 2003 · Amount on File
Deed Document Number	2003200400003411
Deed Book / Page	5278 / 370
Record Updated	Oct 29, 2026

May 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LINN IA
Recording Date	May 15, 2026
Property Address	118 2ND ST SE, 360, CEDAR RAPIDS, IA 52401-1201
Document Number	0000013279
Instrument Date	May 15, 2026
Instrument	202613279
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	221 2ND AVE SE, 400, CEDAR RAPIDS, IA 52401-1232

Mortgage

Document Number	0000013279,
Date	May 15, 2026
Instrument	202613279

Lender

Name	BANKIOWA

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	360 Months
Due	May 15, 2056

Interest

Rate Type	Adjustable Rate
Rate	6.3%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

November 2018: Grant Deed, Mortgage

Document Type	Grant Deed
Jurisdiction	LINN IA
Recording Date	Nov 28, 2018
Property Address	118 2ND ST SE, CEDAR RAPIDS, IA 52401-1211
Document Number	0102490509
Book / Page	010249 / 000509
Instrument Date	Nov 27, 2018
Transaction Type	Mortgage
Record Updated	Dec 31, 2018

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	118 2ND ST SE CEDAR RAPIDS IA 524011211, CEDAR RAPIDS, IA 52401-1211

Mortgage

Document Number	102490509
Date	Nov 28, 2018
Book Page	010249/000509

Lender

Name	DUPACO CMNTY CU
Type	Credit Union
Address	3299 HILLCREST RD, DUBUQUE, IA 52001-3928

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	360 Months
Due	Nov 27, 2048

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

The 2025 property tax bill for 118 2nd St SE, #360 was $15,224, up 0.1% from the year before.

Source: Linn County assessment roll, as of October 5, 2026

Property Jurisdictions

Type	Name
State	Iowa
County	Linn County
Municipality	Cedar Rapids City
Unified School District	Cedar Rapids Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$434,300 (-) Land $96,000 Building $338,300	$434,300 (-) Land $96,000 Building $338,300
2025	$15,224.00 (+0.09%)	$434,300 Land $96,000 Building $338,300	$434,300 Land $96,000 Building $338,300
2024	$15,210.00
2023		$427,100 (-3.98%) Land $96,000 Building $331,100	$427,100 Land $96,000 Building $331,100
2022	$16,220.00 (+1.63%)	$444,800 Land $96,000 Building $348,800
2021	$15,960.00		$444,800 Land $96,000 Building $348,800

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 118 2nd St SE, #360 in Zone X, an area of moderate flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective May 31, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 31 policies
Community Rating System	Class 6 (20% premium discount)
Nearby Flood Policies	31 in force
Nearby Flood Claims	19 (2008–2016)
Claims Outside the SFHA	15 of 19
Most Recent Claim	Sep 2016 · Severe Storms And Flooding
Claims by Event	Severe Storms And Flooding, Sep 2016 · 15 claims Severe Storms, Tornadoes, And Flooding, May 2013 · 3 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 118 2nd St SE, #360 has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CEDAR RAPIDS WATER DEPARTMENT serves 142,364 people · EPA ID IA5715093
Water Source	Groundwater influenced by surface water
Last State Inspection	Oct 2025
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 104 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Mediacom Xtream Cable · Fiber in parts of the area	2,000 / 1,000
CenturyLink DSL · Fiber in parts of the area	100 / 100
AT&T Fixed Wireless	100 / 20

May also be available: ImOn Communications, T-Mobile, Verizon.

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