Linn County property record for 5340 Council St NE, Cedar Rapids, IA 52402
| Property Type | Theater (Movie) |
|---|---|
| Details | 61,122 sqft · built 2004 |
| Lot Size | 8.98 acres (391,604 sqft) |
| Owner | Company Name on File |
| Last Sale | $9,999,500 (Jul 2011) |
| Tax Bill | $289,164 (2025) |
| Flood Zone | Zone X (minimal risk) |
| APN | 14032-51004-00000 |
| Primary APN | 14032-51004-00000 |
|---|
| Stories | 1 Story |
|---|---|
| Building Area | 61,122 sqft Gross Area |
| 1st Floor Area | 61,122 sqft |
| Year Built | Built 2004 |
|---|---|
| Effective Year Built | Effective 2004 |
| Lot Area | 391,604 sqft |
| Street Address | 5340 COUNCIL ST NE |
|---|---|
| City | CEDAR RAPIDS |
| State | IA |
| Zip | 52402-1902 |
| Property Category | Commercial |
| Property Type | Commercial > Retail > Theater (Movie) |
| Legal Description | COUNCIL STREET 1ST STR/LB 5 |
| Legal Range | 7W |
| Legal Township | 83N |
| Legal Section | 03 |
| Legal Subdivision | COUNCIL STREET 1ST |
| Legal Lot Number | 5 |
| Jurisdiction | LINN IA |
| Township / Civil Division | CEDAR RAPIDS |
| Census Block Group | 2 |
| Census Block | 2004 |
| Census Tract | 213 |
5340 Council St NE, a commercial property, is owned by a company that bought it in July 2011.
Source: Linn County records, as of October 5, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 450 S ORANGE AVE, 900, ORLANDO, FL 32801-3339 |
| Owner Type | Company |
| Vesting | Partnership |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Jul 22, 2011 · Amount on File |
| Deed Sale | Jul 22, 2011 · Amount on File |
| Deed Book / Page | 8002 / 164 |
| Record Updated | Oct 29, 2026 |
The 2025 property tax bill for 5340 Council St NE was $289,164.
Source: Linn County assessment roll, as of October 5, 2026
| Type | Name |
|---|---|
| State | Iowa |
| County | Linn County |
| Municipality | Cedar Rapids City |
| Unified School District | Linn-Mar Community School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $7,701,500 (-) Land $1,274,300 Building $6,427,200 | $7,701,500 (-) Land $1,274,300 Building $6,427,200 | |
| 2025 | $289,164.00 | $7,701,500 Land $1,274,300 Building $6,427,200 | $7,701,500 Land $1,274,300 Building $6,427,200 |
| 2024 | $289,164.00 | ||
| 2023 | $7,625,000 (-) Land $1,274,300 Building $6,350,700 | $7,625,000 Land $1,274,300 Building $6,350,700 | |
| 2022 | $284,778.00 (-20.84%) | $7,625,000 Land $1,274,300 Building $6,350,700 | |
| 2021 | $359,758.00 | $7,625,000 Land $1,274,300 Building $6,350,700 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 5340 Council St NE in Zone X, an area of minimal flood risk.
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 minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Nearby Flood Policies | 1 in force |
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.
The area around 5340 Council St NE 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.
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 |
| 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.
Source: FCC Broadband Data Collection, based on 86 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Mediacom Xtream Cable | 2,000 / 1,000 |
| ImOn Communications Cable · Fiber in parts of the area | 300 / 30 |
| Verizon Fixed Wireless | 300 / 20 |
May also be available: CenturyLink.
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