122 3rd Ave SE, Cedar Rapids, IA 52401 Property Records

Linn County property record for 122 3rd Ave SE, Cedar Rapids, IA 52401

Property Summary

Property TypeCommercial Office
Details14,336 sqft · built 1918
Lot Size0.165 acres (7,187 sqft)
OwnerCompany Name on Record
Tax Bill$57,580 (2025)
Deeds & MortgagesSep 2020 Mortgage
Flood ZoneZone X (moderate risk)
APN14282-01005-00000

Property Details

APN / Parcel Number

Primary APN14282-01005-00000

Interior

Stories8 Stories
Building Area14,336 sqft Gross Area
1st Floor Area13,446 sqft
Upper Floors Area6,310 sqft
Basement Area7,136 sqft

Exterior

Year BuiltBuilt 1918
Effective Year BuiltEffective 1918
Lot Area7,187 sqft (0.165 acres)
Lot Dimensions120 ft deep x 120 ft wide
Total Buildings3 Buildings

Location & Zoning

Street Address118 3RD AVE SE
CityCEDAR RAPIDS
StateIA
Zip52401-1412
Property CategoryCommercial
Property TypeCommercial > Office > Commercial Office
Legal DescriptionO T NE 120 STR/LB 6 4
Legal Range7W
Legal Township83N
Legal Section28
Legal SubdivisionORIGINAL TOWN/CEDAR RAPIDS
Legal Block4
Legal Lot Number6
JurisdictionLINN IA
Township / Civil DivisionCEDAR RAPIDS
Census Block Group3
Census Block3056
Census Tract1900

Historic Designation

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

Historic DistrictWithin 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

Source: Linn County records, as of October 9, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing AddressPO BOX 973, CEDAR RAPIDS, IA 52406-0973
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Record UpdatedOct 29, 2026

September 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionLINN IA
Property Address122 3RD AVE SE, CEDAR RAPIDS, IA 52401-1404
Document Number0107760004
Instrument DateSep 1, 2020
Transaction TypeMortgage
Record UpdatedOct 12, 2020
Title CompanyNOT AVAILABLE

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address417 1ST AVE SE CEDAR RAPIDS IA 524011309, CEDAR RAPIDS, IA 52401-1309

Mortgage

Document Number0107760004
DateSep 18, 2020
Book Page010776/000004
Lender
NameHILLS BK NA
Address131 MAIN ST, HILLS, IA 52235-7777
Agreement
AmountAmount Recorded
Term300 Months
DueSep 17, 2045

Tax Assessment & Valuation

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

Property Jurisdictions

TypeName
StateIowa
CountyLinn County
MunicipalityCedar Rapids City
Unified School DistrictCedar Rapids Community School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$1,663,700 (-) Land $216,000 Building $1,447,700$1,663,700 (-) Land $216,000 Building $1,447,700
2025$57,580.00 (+0.1%)$1,663,700 (+2.14%) Land $216,000 Building $1,447,700$1,663,700 (+2.14%) Land $216,000 Building $1,447,700
2024$57,520.00 (-2.23%)
2023$1,628,800 Land $216,000 Building $1,412,800$1,628,800 Land $216,000 Building $1,412,800
2022$58,830.00

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

Flood

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

FEMA Flood ZoneZone X
moderate risk
500-Year FloodplainYes
0.2% annual chance
Nearest Special Flood Hazard AreaZone AE, within 100 ft
Flood Insurance RequirementNot required
lenders may require it
Flood Insurance CostPremium on Record
median of 31 policies
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies31 in force
Nearby Flood Claims19 (2008–2016)
Claims Outside the SFHA15 of 19
Most Recent ClaimSep 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

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

Wildfire RiskNot 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 SystemCEDAR RAPIDS WATER DEPARTMENT
serves 142,364 people · EPA ID IA5715093
Water SourceGroundwater influenced by surface water
Last State InspectionOct 2025
Lead2 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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

ProviderMax 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.

Nearby Properties on 3rd Ave SE

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