227 2nd Ave SE, Cedar Rapids, IA 52401 Property Records

Linn County property record for 227 2nd Ave SE, Cedar Rapids, IA 52401

Property Summary

Property TypeMixed Use Store/Office
Details12,064 sqft · built 1880
Lot Size0.139 acres (6,054 sqft)
OwnerCompany Name on Record
Last Sale$1,500,000 (May 2006)
Tax Bill$31,012 (2025)
Deeds & MortgagesSep 2025 Mortgage
Flood ZoneZone X (moderate risk)
APN14214-64004-00000

Property Details

APN / Parcel Number

Primary APN14214-64004-00000

Interior

Stories3 Stories
Building Area12,064 sqft Gross Area
1st Floor Area6,032 sqft
Upper Floors Area6,032 sqft
Basement Area6,032 sqft

Exterior

Year BuiltBuilt 1880
Effective Year BuiltEffective 1880
Lot Area6,054 sqft (0.139 acres)

Location & Zoning

Street Address209 3RD ST SE
CityCEDAR RAPIDS
StateIA
Zip52401-1501
Property CategoryCommercial
Property TypeCommercial > Retail > Mixed Use Store/Office
Legal DescriptionHOYTS STR/LB 1
Legal Range7W
Legal Township83N
Legal Section21
Legal SubdivisionHOYTS ADD
Legal Lot Number1
JurisdictionLINN IA
Township / Civil DivisionCEDAR RAPIDS
Census Block Group3
Census Block3053
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 5, 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 Address215 2ND AVE SE, 2, CEDAR RAPIDS, IA 52401-1215
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMay 23, 2006 · Amount on Record
Deed SaleMay 23, 2006 · Amount on Record
Deed Document Number200666887
Deed Book / Page6346 / 457
Record UpdatedOct 29, 2026

September 2025: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionLINN IA
Property Address227 2ND AVE SE, CEDAR RAPIDS, IA 52401-1213
Transaction TypeMortgage
Record UpdatedOct 21, 2025

Transferred To (Grantee/Buyer)

NameVerified Name
Address221 2ND AVE SE 400, 400, CEDAR RAPIDS, IA 52401-1232

Mortgage

Document Number2025024572
DateSep 9, 2025
Instrument2025-024572
Lender
NameHILLS BANK & TRUST COMPANY
TypePrivate Party
Address131 E MAIN ST, HILLS, IA 52235
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term300 Months
DueSep 5, 2050

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$877,800 (-) Land $158,300 Building $719,500$877,800 (-) Land $158,300 Building $719,500
2025$31,012.00$877,800 (+1.77%) Land $158,300 Building $719,500$877,800 (+1.77%) Land $158,300 Building $719,500
2024$31,012.00 (-19.39%)
2023$862,500 (-18.01%) Land $158,300 Building $704,200$862,500 (-18.01%) Land $158,300 Building $704,200
2022$38,474.00 (+1.61%)$1,051,900 Land $158,300 Building $893,600
2021$37,864.00$1,051,900 Land $158,300 Building $893,600

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 500 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 2nd Ave SE

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