• Parcel Number:
    14214-62011-00000
  • Computer ID:
    53817
  • DBA:
    MUSQUAKIE BLOCK
  • Deed Holder:
    ASPECT INVESTMENTS LC
  • Property Address:
    329 2ND AVE SE
    CEDAR RAPIDS, IA 52401-0000

  • Mailing Address:
    221 2ND AVE SE STE 400
    CEDAR RAPIDS, IA 52401-0000 USA
  • Location:
    Urban
  • Class:
    COMMERCIAL
  • Map Area:
    BARS/LOUNGE; CTRL CR
  • Tax District:
    20700 CR-SSMID
  • Plat Map:
    2324
  • Legal Description:
    P.O.S. #2285 PARCEL A
  • Property Report:
  Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
Land Value Dwelling Value Improvement Value Total Value
$124,700 $0 $20,900 $145,600
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $124,700 $0 $20,900 $145,600
2022 $124,700 $0 $21,300 $146,000
2021 $124,700 $0 $23,500 $148,200
2020 $124,700 $0 $23,500 $148,200
2019 $124,700 $0 $23,500 $148,200
2018 $98,900 $0 $258,200 $357,100
  Land Information
Assessor's lot sizes are for assessment purposes only and may NOT represent actual dimensions. For more accurate, complete data refer to GIS maps, plat maps, or legal documents.
Lot Type Square Feet Acres
Sq. Ft. W/Dimensions 4,987 0.115
  Commercial Building Information
Occupancy Year Built Building Area
1897 4,800
Building 1 of 1
  • Year Built:1897
  • EFA:126
  • EFF Year:1897
  • Occupancy:Bars and Lounges
  • Label:3S WD FR BRK/B
  • Gross Building Area:14,400
  • Condition:Very Poor
Verticals-Horizontals
Component Description Units 1 Units 2
Basement Incl. w / Base 4,800
Ceiling Drywall 1 0
Ceiling Suspended Blk-Fiber 1 4,800
Electrical Restaurant 1 4,800
Exterior Wall Brick on Block - 8" 0 0
Floor Cover Vinyl Sheet 1 0
Floor Cover Carpet 1 4,800
Framing Wood - Heavy 1 4,800
Fronts/Doors Average Cost Front Average 0
Ftg & Fdtn Brick or Stone 8" 0
HVAC Combination FHA - AC 1 4,800
Interior Wall Drywall or Equiv. 0 0
Partitions Drywall 1 4,800
Roof 4-Ply Compo/ Wood Deck 4,800
Struct. Floor Wd Joists w /Sub-Flr 1 4,800
Windows Wood Casement 0 0
Plumbing
Description Quantity Range
Lavatory 4 Base
Water Closet 5 Base
Sink-Kitchen 3 Base
Urinal - Wall 1 Base
Adjustments
Description Quantity Range
Sprinkler - exposed wet 4,800 Average
Open Unfin. Uppers 9,600 Average
  Sale Information
Sale Date Amount Sales Condition Code Recording
$2,800,000 50 - Other with explanation 11521/71400
Sales Detail
  • Buyer: ASPECT INVESTMENTS LC
  • Seller: GUARANTY REALTY INC
  • Sale Date: 06/26/2023
  • Sale Amount: $2,800,000
  • Sale Type: Deed
  • Sales Code: 50 - Other with explanation
  • Recording: 11521/71400
  • Additional Information: Click Here
$0 1 - Quit Claim Deed 11246/525
Sales Detail
  • Buyer: GUARANTY REALTY INC
  • Seller: QUAD CITY BANK AND TRUST COMPANY
  • Sale Date: 12/22/2021
  • Sale Amount: $0
  • Sale Type: Quit Claim Deed
  • Sales Code: 1 - Quit Claim Deed
  • Recording: 11246/525
  • Additional Information: Click Here
$0 12 - Foreclosures,forfeitures,Sheriff and Tax Sales or transfers arising from default 11175/510
Sales Detail
  • Buyer: QUAD CITY BANK AND TRUST COMPANY
  • Seller: COLUMBIA HOLDINGS LLC
  • Sale Date: 10/08/2021
  • Sale Amount: $0
  • Sale Type: Deed
  • Sales Code: 12 - Foreclosures,forfeitures,Sheriff and Tax Sales or transfers arising from default
  • Recording: 11175/510
  • Additional Information: Click Here
$150,000 0 - Normal 10285/495
Sales Detail
  • Buyer: COLUMBIA HOLDINGS LLC
  • Seller: GUARANTY REALTY INC
  • Sale Date: 01/30/2019
  • Sale Amount: $150,000
  • Sale Type: Deed
  • Sales Code: 0 - Normal
  • Recording: 10285/495
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
10/01/2024 ELEC-008183-2024 BUILDING PERMIT
  INTERIOR REMODEL OF EXISTING COMMERCIAL BUILDING..."MUSKWAKI BLOCK" BUILDING BASEMENT: NO WORK MAIN FLOOR: CONVERT EXISTING BAR TO PERSONAL/PRIVATE TRAINING-ADD SHOWER IN EXISTING RESTROOMS 2ND FLOOR: REMODEL EXISTING RESIDENTIAL TO CREATE 6 RESIDENTIAL UNITS- LAUNDRY-INSTALL STEEL FIRE ESCAPE 3RD FLOOR: REMODEL EXISTING RESIDENTIAL TO CREATE 7 RESIDENTIAL UNITS- LAUNDRY-INSTALL STEEL FIRE ESCAPE PLEASE CALL 286-5831 FOR FRAMING-FINAL INSPECTIONS
08/27/2024 BLDC-007123-2024 REMODEL/ALTERATION
  INTERIOR REMODEL OF EXISTING COMMERCIAL BUILDING..."MUSKWAKI BLOCK" BUILDING BASEMENT: NO WORK MAIN FLOOR: CONVERT EXISTING BAR TO PERSONAL/PRIVATE TRAINING-ADD SHOWER IN EXISTING RESTROOMS 2ND FLOOR: REMODEL EXISTING RESIDENTIAL TO CREATE 6 RESIDENTIAL UNITS- LAUNDRY-INSTALL STEEL FIRE ESCAPE 3RD FLOOR: REMODEL EXISTING RESIDENTIAL TO CREATE 7 RESIDENTIAL UNITS- LAUNDRY-INSTALL STEEL FIRE ESCAPE PLEASE CALL 286-5831 FOR FRAMING-FINAL INSPECTIONS
07/29/2024 ELEC-006093-2024 PRIVATE
  REPAIR SERVICE DUE TO THEFT DAMAGE - INSTALL 1 200AMP
08/03/2023 ELEC-006731-2023 PRIVATE
  METER/SERVICE REPAIR
12/21/2018 WORK ORDER
  NEW PARCEL
12/17/2014 PLMC-031330-2014 PLUMBING ONLY
  DEMO EXISTING MEN'S AND WOMEN'S RESTROOMS AND INTERIOR REMODEL ~ 400 SQ. FT. TO RELOCATE MEN'S & WOMEN'S RESTROOMS TO NORTH-WEST CORNER OF COMMERCIAL BLDG. PLAN ATTACHED. PLEASE CALL 286-5831 FOR FRAMING AND FINAL INSPECTIONS.
12/17/2014 ELEC-031339-2014 ELECTRIC
  DEMO EXISTING MEN'S AND WOMEN'S RESTROOMS AND INTERIOR REMODEL ~ 400 SQ. FT. TO RELOCATE MEN'S & WOMEN'S RESTROOMS TO NORTH-WEST CORNER OF COMMERCIAL BLDG. PLAN ATTACHED. PLEASE CALL 286-5831 FOR FRAMING AND FINAL INSPECTIONS.
11/26/2014 BLDC-030733-2014 REMODEL/ALTERATION
  DEMO EXISTING MEN'S AND WOMEN'S RESTROOMS AND INTERIOR REMODEL ~ 400 SQ. FT. TO RELOCATE MEN'S & WOMEN'S RESTROOMS TO NORTH-WEST CORNER OF COMMERCIAL BLDG. PLAN ATTACHED. PLEASE CALL 286-5831 FOR FRAMING AND FINAL INSPECTIONS.
11/14/2013 TM-014766-2013 MISC
  TRANSIENT MERCHANT
01/12/2012 BLDG078298 EXT REMODEL-GEN
  CONSSTRUCT 18' HIGH 10' X 5' RAISED PLATRFORM WITH STEPS IN INETERIOR OF MAIN LEVEL OF COMMERICAL BLDG - PERMTI ADDRESS: 329 2ND AVE SE - PARCEL ADDRESS: 325-329 2ND AVE - 2/1/12 MJC
09/28/2010 BLDG070022 REMODEL/ALTERATION
  INTERIOR REMODEL OF EXISTING BAR IN EXISTING COMMERICAL BUILDING: RELOCATE BAR & REMODEL MENS & WOMENS BATHROOMS - PERMIT ADDRESS: 329 2ND AVE SE - PARCEL ADDRESS: 325 2ND AVE - 11/01/2010 MJC
02/26/2009 UNKNWN1 2008 FLOOD
  C-2009 FOR NEW HVAC AND OMITTED MEZZ & FENCING FOR BEER GARDEN
10/06/2008 BLDG058386CR FENCE
  INSTALL 8' HIGH, 115' TOTAL LENGTH CHAIN LENGTH FENCE - BEER GARDEN FOR "VOLUME" - 12/04/08 MJC
09/16/2008 PLBG017100CR REPAIR
  FLOOD REPAIR.
08/22/2008 MECH019779CR REPAIR
  FLOOD #325 - 327
08/20/2008 BLDG057267CR 2008 FLOOD
  DUE TO FLOOD; REPLACING DRYWALL IN BASEMENT LEVEL, AND A FEW SHEETS ON MAIN BACK FIRE EXIT, REPLACING SUBFLOOR ON MAIN LEVEL OF COMMERCIAL BANK PERMIT ADDRESS: 325 2ND AVE SW (CORRECTED) PARCEL ADDRESS: 325 2ND AVE SE - 11/4/08 MJC
08/18/2008 MECH019699CR FURNACE/AC
 
08/05/2008 ELEC022300CR ELECTRIC
  REPAIR FLOOD DAMAGE, PERMIT ADDRESS 329 2ND AVE SE, PARCEL ADDRESS: 325-329 2ND AVE SE - 9/12/08 MJC
12/11/2007 BLDG052494CR REMODEL/ALTERATION
  INTERIOR REMODEL TO RAISE EXSITING STAGE 12", ONSTRUCT BOXES TO COVER SPEAKERS, PERMIT ADDRESS: 329 2ND AVE SE, PARCEL ADDRESS: 325-329 2ND AVE - 12/21/07 MJC
10/06/2007 PLBG014991CR PLUMBING ONLY
  FLOOR SINK (ADDRESS INCLDUES 325 & 329) - 10/31/07 MJC
10/03/2007 BLDG051458CR REMODEL/ALTERATION
  INTERIOR REMODEL OF COMMERICAL BUILDING,TO INCLUDE REMOVAL OF PARTITION WALL & BUILD NEW BAR AND REMOVE DOUBLE DOORS, PERMIT ADDRESS: 329 2ND AVE SE, PARCEL ADDRESS: 325 2ND AVE SE - 12/20/07 MJC
06/01/2004 GR SLIP WORK ORDER
 
12/08/2003 28256 REMODEL/ALTERATION
 
05/23/2003 PLBG5820 PLUMBING ONLY
 
04/03/2003 22260 REMODEL/ALTERATION
 
02/21/2003 STRT309 MISC
 
02/21/2003 21679 REMODEL/ALTERATION
 
  Parcel Notes
Title Note
BSMT-UNFIN, STORAGE ONLY. 1ST FLR-AVG MAINT, GOOD QUALITY. 2ND FLR-ONE APT IN FAIR COND. 3RD FLR-OPEN FIN UPPERS, STORAGE ONLY. OFF STREET PARKING LOCATED ON ADJ PARCEL# 142146200200000 IN REAR.

OWNER OCC-MULTI TENANT.***LAND SF=5160. BUILDING SF=14400. L TO B RATIO=0.35.

2003 BOARD OF REVIEW # 931 REDUCE TO $ 127,989

****1-1-2004: INTERIOR DEMOLITION FINISHED - STARTING INTERIOR REMODELING - SEE FOR 1-1-2005 - NO ADDED VALUE - SEL****

1-2005: INTERIOR REMODELING COMPLETE - REMOVED KITCHEN EQUIPMENT AND CONVERTED RESTARAUNT TO DANCE CLUB - SEL 8/20/04

1-2008 ESTIMATED NAV 2-5-08 BJW

1-2009 FLOOD FORM COMPLETED AND RETURNED

1-2009 FLOOD ADJUSTED PROPERTY C-2010// UPPER FLOORS VACANT// 1S FLOOR HAD ENOUGH WATER TO GET CARPET WET//ALL REPAIRS MADE C-2009 FOR FINAL CONDITION OF 1S FLOOR/// WATER WAS TO BOTTOM OF FLOOR JOISTS

1-2009 FLOOD ECONOMIC ADJUSTMENT

1-2010 ESTIMATE FLOOD REPAIRS COMPLETE - NAV - 2/18/2010 BW

1-2010 INCREASED ECONOMIC ADJUSTMENT - 4/6/2010 JC

1-2011 INTERIOR REMODEL OF TR'S - NAV - FLOOD ECONOMIC ADJUSTEMENT - BW 2/8/2011

1-2012 ADJUSTED FLOOD ECONOMIC 2/13/2012 BW

1-2013 COMMERCIAL FUNCTIONAL/ECONOMIC OBSOLESCENCE QUESTIONNAIRE RETURNED****

1-2013 COMM REVAL - SPOKE W/ PROPERTY MANAGER - UPPERS UNUSED/VACANT AND IN VERY POOR CONDITION - BASEMENT STORAGE ONLY - MADE CORRECTIONS TO LISTING - CHANGED HEAT/ COOLING TO FHA/CA (2008) - NO UNTILITIES ON UPPER FLRS - BW 12/5/2013

1-2015 SPOKE W/ PROPERTY MANAGER - UPPERS STILL VACANT AND UNUSED - 1ST FLR BATHROOMS IN PROCESS OF BEING MOVED - NOTHING ADDITIONAL JUST MOVING BATHROOMS - NAV - BW 1/9/2015

1-2019 PARCELS 14214-62003-00000 & 14214-62010-00000 DIVIDED INTO PARCELS 14214-62011-00000 14214-62012-00000 & 14214-62013-00000 12/21/18 SAM

1-2019 REVALUED LAND AFTER SPLIT. 1/4/19 JA

1-2019 INFORMAL APPEAL RESULTS IN CHANGE IN VALUE FROM $382,900 TO $148,200. INSPECTED 4/11/19 WITH OWNERS. ADJUST GRADE, CHANGE CONDITION TO OBSERVED AND ADJUST DEPRECIATION TO 95%, 5% BASEMENT AND 40% UPPER FLR ADJUSTMENTS TO REMAIN. COST TO CURE WOULD LIKELY EXCEED VALUE OF BUILDING. 4/11/19 JA

1-2021 NAV FOR COMMERCIAL LAND REVALUATION SEL

1-2022 REMOVED OBSERVED CONDITION, APPLIED VERY POOR CONDITION AND APPLIED 45% STRUCTURE ADJUSTMENT. COST TO CURE WOULD LIKELY EXCEED VALUE OF BUILDING. 12/9/21 JA
  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $145,600.00 $127,635.00 $5,224.00 $5,224.00
2022 2023-2024 $146,000.00 $128,936.00 $5,330.00 $5,330.00
2021 2022-2023 $148,200.00 $133,380.00 $5,470.60 $3,290.00
2020 2021-2022 $148,200.00 $133,380.00 $5,584.00 $3,500.00
2019 2020-2021 $148,200.00 $133,380.00 $5,569.00 $3,408.00
  Sketch
  • Sketch for PIN 14214-62011-00000
    Sketch for PIN 14214-62011-00000
  • Sketch for PIN 14214-62011-00000
    Sketch for PIN 14214-62011-00000