• Parcel Number:
    14214-57009-00000
  • DBA:
    THE PALMER BUILDING; OLD SKOGMAN BLDG
  • Deed Holder:
    BCRN OWNER LLC
  • Property Address:
    411 1ST AVE SE
    CEDAR RAPIDS, IA 52401-0000

  • Mailing Address:
    ATTN: STEPHEN L EMERSON
    221 2ND AVE SE STE 400
    CEDAR RAPIDS, IA 52401-0000 USA
  • Location:
    Urban
  • Class:
    RES 3+ UNITS
  • Map Area:
    APARTMENT; CNTRL CR
  • Tax District:
    20700 CR-SSMID
  • Plat Map:
    2324
  • Legal Description:
    O T LOT 2 & SW 35' LOT 3 BLK 32
  • Property Report:
  Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
Land Value Dwelling Value Improvement Value Total Value
$399,000 $3,438,100 $0 $3,837,100
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $399,000 $3,438,100 $0 $3,837,100
2022 $399,000 $0 $747,300 $1,146,300
2021 $399,000 $0 $747,300 $1,146,300
2020 $399,000 $0 $757,400 $1,156,400
2019 $399,000 $0 $1,223,200 $1,622,200
2018 $399,000 $0 $1,223,200 $1,622,200
2017 $399,000 $0 $1,223,200 $1,622,200
2016 $393,700 $0 $1,377,300 $1,771,000
  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 13,300 0.305
  Commercial Building Information
Occupancy Year Built Building Area
1890 7,762
Building 1 of 1
  • Year Built:1890
  • EFA:133
  • EFF Year:1890
  • Occupancy:Apartment
  • Label:4S STL FR BRK/B (B1)
  • Gross Building Area:32,352
  • Condition:Very Good
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Suspended Blk-Fiber 1 0
Ceiling Drywall 1 7,762
Electrical Office 1 7,762
Exterior Wall Solid Brick - 8" 0 0
Floor Cover Carpet 1 7,762
Framing R'Conc - Average 1 7,762
Fronts/Doors Good Cost Front Average 0
Ftg & Fdtn Reinforced Concrete 8" 0
HVAC Central AC 1 0
HVAC Steam - (2 Pipe) 1 7,762
Interior Wall Drywall or Equiv. 0 0
Partitions Office 1 7,762
Roof Conc. Deck/ Steel 7,762
Struct. Floor R'Concrete 1 38,810
Wall Facing Incl. w / Walls Low 0
Windows Aluminum Casement 0 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 42 Base
Sink-Kitchen 42 Base
Adjustments
Description Quantity Range
Sprinkler - exposed wet 33,656 Average
Canopy - attached 230 Average
Bsmt Finish 7,762 Average
Extra 1 of 2
  • Type: Decks,Patios,etc.
  • Description: Porch (Commercial)
  • Type: Porch (commercial)
  • Pricing: Average
  • Width: 0.00
  • Length: 0.00
  • Quantity: 70
Extra 2 of 2
  • Type: Elevator - Pass. Electric
  • Description: Elevator - Pass. Electric
  • Speed: 100 Feet/Minute
  • # of Stops: 6
  • Elevator Type: Geared
  • Capacity: 2,500 Lbs
1890 1,304
Addition 1 of 1
  • Year Built:1890
  • EFA:133
  • EFF Year:1890
  • Occupancy:Apartment
  • Label:1S STL FR (A1 P-HSE)
  • Gross Building Area:32,352
  • Condition:Very Good
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 1,304
Electrical Office 1 1,304
Exterior Wall Brick on Block - 8" 0 0
Floor Cover Carpet 1 1,304
Framing Steel - Average 1 1,304
Fronts/Doors Incl. w / Base Average 0
HVAC Central AC 1 0
HVAC Steam - (1 Pipe) 1 1,304
Interior Wall Drywall or Equiv. 0 0
Partitions Drywall 1 1,304
Roof Conc. Deck/ Steel 1,304
Struct. Floor R'Concrete 1 1,304
Wall Facing Incl. w / Walls Low 0
Windows Incl. w / Base 0 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 2 Base
Sink-Kitchen 1 Base
Adjustments
Description Quantity Range
Sprinkler - exposed wet 1,304 Average
  Yard Extra Information
Description Item Count Year Built
1 1954
Details
  • Year Built:1954
  • EFA:69
  • EFF Year:1954
  • Description:Paving - Asphalt
  • Condition:Normal
  • Paving Type:Asphalt Parking
  • Price Method:Per Square Foot
  • Pricing:Average
  • Quantity:1,000 Square Feet
  • # of Spaces:0
  • Lighting:None
  • Count:1
  • Plot Number:0
  Sale Information
Sale Date Amount Sales Condition Code Recording
$0 38 - No consideration 11346/136
Sales Detail
  • Buyer: BCRN OWNER LLC
  • Seller: THE PALMER BUILDING LC
  • Sale Date: 04/27/2022
  • Sale Amount: $0
  • Sale Type: Deed
  • Sales Code: 38 - No consideration
  • Recording: 11346/136
  • Additional Information: Click Here
$1,500,000 0 - Normal 9634/677
Sales Detail
  • Buyer: THE PALMER BUILDING LC
  • Seller: SKOGMAN PARTNERSHIP
  • Sale Date: 08/30/2016
  • Sale Amount: $1,500,000
  • Sale Type: Deed
  • Sales Code: 0 - Normal
  • Recording: 9634/677
  • Additional Information: Click Here
$650,000 52 - Transfer Prior to Split 8256/26
Sales Detail
  • Buyer: SKOGMAN PARTNERSHIP
  • Seller: SKOGMAN CONSTRUCTION COMPANY OF IA
  • Sale Date: 04/17/2012
  • Sale Amount: $650,000
  • Sale Type: Deed
  • Sales Code: 52 - Transfer Prior to Split
  • Recording: 8256/26
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
11/23/2022 SIGN-011640-2022 PERMANENT
  REFACE 19 SF PROJECTING SIGN - EAST ELEVATION MESSAGE: PULLMAN LOFTS
11/23/2022 SIGN-011642-2022 PERMANENT
  REFACE 40.7 SF PROJECTING SIGN - FRONT ELEVATION MESSAGE: PULLMAN LOFTS
11/23/2022 SIGN-011641-2022 PERMANENT
  REFACE 19 SF PROJECTING SIGN - WEST ELEVATION MESSAGE: PULLMAN LOFTS
07/15/2022 BLDC-006812-2022 REPAIR
  TEAR OFF & REPLACE 60 MIL TPO ON COMMERCIAL BUILDING
04/12/2022 ELEC-002920-2022 BUILDING PERMIT
  INTERIOR REMODEL OF EXISTING COMMERCIAL BUILDING...CONVERT B OCCUPANCY TO R-2 OCCUPANCY Remodel description -adding 43 living units 1st floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical mechanical space, asbestos abatement as required Unit 101: 530 sq ft studio unit with full kitchen and bath Unit 102: 720 sq ft 1 bedroom unit with full kitchen and bath Unit 103: 562 sq ft studio unit with full kitchen and bath Unit 104: 734 sq ft 1 bedroom unit with full kitchen and bath Unit 105: 837 sq ft 1 bedroom unit with full kitchen and bath Unit 106: 849 sq ft 1 bedroom unit with full kitchen and bath Unit 107: 949 sq ft 2 bedroom unit with full kitchen and bath 2nd floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical m
04/12/2022 PLMC-002954-2022 BUILDING PERMIT
  INTERIOR REMODEL OF EXISTING COMMERCIAL BUILDING...CONVERT B OCCUPANCY TO R-2 OCCUPANCY Remodel description -adding 43 living units 1st floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical mechanical space, asbestos abatement as required Unit 101: 530 sq ft studio unit with full kitchen and bath Unit 102: 720 sq ft 1 bedroom unit with full kitchen and bath Unit 103: 562 sq ft studio unit with full kitchen and bath Unit 104: 734 sq ft 1 bedroom unit with full kitchen and bath Unit 105: 837 sq ft 1 bedroom unit with full kitchen and bath Unit 106: 849 sq ft 1 bedroom unit with full kitchen and bath Unit 107: 949 sq ft 2 bedroom unit with full kitchen and bath 2nd floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical m
03/31/2022 MECC-002475-2022 BUILDING PERMIT
  INTERIOR REMODEL OF EXISTING COMMERCIAL BUILDING...CONVERT B OCCUPANCY TO R-2 OCCUPANCY Remodel description -adding 43 living units 1st floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical mechanical space, asbestos abatement as required Unit 101: 530 sq ft studio unit with full kitchen and bath Unit 102: 720 sq ft 1 bedroom unit with full kitchen and bath Unit 103: 562 sq ft studio unit with full kitchen and bath Unit 104: 734 sq ft 1 bedroom unit with full kitchen and bath Unit 105: 837 sq ft 1 bedroom unit with full kitchen and bath Unit 106: 849 sq ft 1 bedroom unit with full kitchen and bath Unit 107: 949 sq ft 2 bedroom unit with full kitchen and bath 2nd floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical m
01/10/2022 CHNG-000068-2022 COMMERCIAL
  CONVERT COMMERCIAL BUILDING FROM BUSINESS TO MULTI UNIT (43 UNITS)
01/06/2022 BLDC-021817-2022 REMODEL/ALTERATION
  INTERIOR REMODEL OF EXISTING COMMERCIAL BUILDING...CONVERT B OCCUPANCY TO R-2 OCCUPANCY Remodel description -adding 43 living units 1st floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical mechanical space, asbestos abatement as required Unit 101: 530 sq ft studio unit with full kitchen and bath Unit 102: 720 sq ft 1 bedroom unit with full kitchen and bath Unit 103: 562 sq ft studio unit with full kitchen and bath Unit 104: 734 sq ft 1 bedroom unit with full kitchen and bath Unit 105: 837 sq ft 1 bedroom unit with full kitchen and bath Unit 106: 849 sq ft 1 bedroom unit with full kitchen and bath Unit 107: 949 sq ft 2 bedroom unit with full kitchen and bath 2nd floor: Removing modern walls and finishes to accommodate new layout, replacing common area doors as needed to meet fire code, maintaining current stairs, corridor, elevator, and vertical m
02/28/2017 WORK ORDER
  NEW PARCEL
05/03/2013 ELEC-005623-2013 ELECTRIC ONLY
  INSTALL NEW 84 CIRCUIT PANEL ON FIRST FLOOR
05/03/2013 ELEC-005621-2013 ELECTRIC ONLY
  INSTALL SINGLE METER AND REMOVE OTHER METERS
04/30/2012 BLDG079624CR REPAIR
  REPAIR DAMAGED CONCRETE ON EXISTING LANDING & STEPS AT WEST ENTRANCE OF COMMERCIAL BUILDING (NO CHANGE IN SIZE OR LOCATION) RE-ATTACH EXISTING HANDRAIL - PLEASE CALL 286-5837 FOR FINAL INSPECTION
01/27/2011 BLDG071804CR WINDOWS
  REPLACE EXISTING WINDOWS (6) - SAME SIZE, STYLE & LOCATION TO COMMERCIAL BLDG.
01/12/2009 MECH021427CR MECHANICAL ONLY
  FLOOD
09/16/2008 BLDG057914CR REMODEL
  DUE TO FLOOD: REMODEL 6TH FLOOR & CONVERT HABITABLE SPACE TO CREATE OFFICE SPACE FOR "SKOGMAN COMMERCIAL AT THE PENTHOUSE" - PLEASE CALL 286-5837 FOR FRAMING-FINAL INSPECTIONS (RELOCATE FROM 122 3RD AVE SE)
08/06/2008 MECH019459CR MECHANICAL ONLY
 
05/22/2008 BLDG054333CR WINDOWS
  INSTALLATION OF 63 WINDOWS IN COMMERCIAL BUILDING (SAME SIZE & STYLE) **OK PER CONVERSATION W/RICHARD LUTHER - RM**
03/07/2008 SIGN006364CR INSTALLATION
  INSTALL 4' X 8' TEMPORARY SIGN - 32 SQ FT; WEIGHT - 25#; 2' HEIGHT ABOVE GRADE; 6' OVERALL HEIGHT FROM GRADE. MESSAGE "SKOGMAN HOMES STONEY POINT MEADOWS FOR MORE INFORMATION CONTACT JENNIFER FOSS 270-6287"
05/07/2007 STRT000755CR SFD
  BLOCK ALLEY FOR DUMPSTER FOR DEBRIS FROM 5/15/07 - 7/15/07.
08/22/2006 45104 WINDOWS
 
08/01/2005 38754 WINDOWS
 
09/01/2004 STRT523 MISC
 
01/15/2004 28697 WINDOWS
 
04/04/2003 22290 PERMIT RENEW
 
03/04/2003 PLBG5348 PLUMBING ONLY
 
10/03/2002 019939 WINDOWS
 
03/01/2002 013768 REMODEL/ALTERATION
 
09/24/2001 10467 MISC
 
  Parcel Notes
Title Note
8/6/02 PERMIT WORK COMPLETE. REMODELED CONFERENCE ROOM ON 4TH FLR, NEW CARPET, WALLPAPER, ETC. 2002.****1ST FLR. 1/2 SUBMERGED. LEASED. LOWER QUALITY CONSTRUCTION AND CONDITION.***2ND FLR. LEASED. NO REMODELING. LOWER QUALITY WOOD WORK. GOOD COND.

***3RD FLR. OWNER OCCUPIED. REST ROOMS REMODELED. GOOD QUALITY FINISH IN GOOD CONDITION.****4TH FLR. OWNER OCCUPIED. REST ROOMS & CONFERENCE ROOM REMODELED. NEW CARPET AND WALL PAPER.***5TH FLR. REMODELED 1999 ALL NEW FLR COVERINGS, PARTITIONS & CLGS

****2S PENTHOUSE IS AN OLD APARTMENT, NOT USED EXCEPT FOR STORAGE AND AS A BREAK ROOM.**** ADD'L 5% FUNC. OBSOL. ADDED DUE TO 1ST FLR 1/2 SUBMERGED.
OWNER OCCUPIED. MULTI TENANT.*****LAND SF = 14000. BLDG SF = 47876. (INCLUDES P-HSE SF). L TO B RATIO =.34

2003 BOARD OF REVIEW PETITION # 745 NO CHANGE

1-1-2004: (EST) INTERIOR REMODELING COMPLETE - NO ADDED VALUE - SEL

1-2005: WINDOW REPLACEMENT COMPLETE - NAV - 09/27/04 SEL

1-2006: WINDOW REPLACEMENT COMPLETE - NAV - 08/26/05 SEL

1-2007 WINDOW REPLACEMENT COMPLETE - NAV - 2/1/07 JMR ***

1-2009 FLOOD FORM COMPLETED AND RETURNED

1-2009 NO FLOOD DAMAGE PER FLOOD FORM

1-2009 PENTHOUSE REMODEL - NAV - BW

1-2010 EST MECH REPAIR COMPLETE - BW 2/11/2010

1-2012 REPLACE 6 EXISTING WINDOWS - NAV - 1/4/2012 BW

1-2013 COMMERCIAL FUNCTIONAL/ECONOMIC OBSOLESCENCE QUESTIONNAIRE RETURNED

1-2013 COMM REVAL - ALL FLRS USED BY SKOGMAN REAL ESTATE - 10% OBS FOR 1/2 SUBMERGED 1ST FLR - ADDED PENTHOUSE REMODEL AS COMPLETE - BW 7/8/2012

1-2014 INSPECTED BUILDING WITH OWNER - SMALL AREA OF BASEMENT IS UNLEASED OFFICE AREA - 420SF 1ST FLR IS UNLEASED OFFICE AREA - THE MAJOR PORTION OF THIS BUILDING IS OWNER OCCUPIED - UNUSUAL THICKNESS OF EXTERIOR WALLS - MAIN HALLWAYS ON FLOORS 1-3 UNUSUALLY WIDE CREATING EXCESS COMMON AREA - BOILERS/CHILLERS REPLACED IN 2009 - AIR HANDLERS REPLACED ON FLRS 1 & 2 - AIR HANDLERS NOT REPLACED AT THIS TIME ON FLRS 3, 4 OR 5 - ROOF AT THE END OF ITS EXPECTED LIFE AND WILL NEED TO BE REPLACED SOON - PENTHOUSE REMODEL IN 2009 COSMETIC ONLY - THE 230SF CANOPY NEEDS TO BE REPAIRED/REPLACED - EXTERIOR BRICK AND PORCELAIN PANELS ARE IN POOR CONDITION ALTHOUGH REPAIRS ARE COMPLETED AS NECESSARY - 10% FUNCT OBS ADDED DUE TO LAYOUT - BW 9/9/2013

1-2015 BOARD OF REVIEW PETITION # 112 - DECREASED VALUE FROM $1,331,300 TO $1,028,000 - BW 5/13/2015

1-2017 PARCEL 14214-57004-00000 DIVIDED INTO PARCELS 14214-57009-00000 & 14214-57010-00000 2/28/17 SAM

1-2023 CHANGE CLASS FROM COMM TO RES 3+ PER JA 2/24/23 SAM

1-2017 INFORMAL APPEAL RESULTED IN DECREASED VALUE - 4/24/2017 BW

1-2020 - REVALUED PROPERTY FOR MARKET/EQUITY. REPRICED BLDG AS A 4 STORY STRUCTURE W/BSMT (PREV 5 STORY-NO BSMT); PRICED ELEVATOR; REMOVED -10% STRUCTURE & APPLIED -20% VACANCY. 2/4/2020 JC/JA

1-2021 PROPERTY REMAINS 100% VACANT. 12/16/20 JA

1-2021 NAV FOR COMMERCIAL LAND REVALUATION SEL

1-2022 NO CHANGE IN STATUS, C FOR CONVERSION TO APTS IN '22. 3/14/22 JA

1-2023 OLD OFFICE BUILDING COMPLETELY RENOVATED INTO 43 NEW APARTMENT UNITS (2 EFF, 38 1BR AND 3 3BR). ALL NEW MECHANICALS, ELECTRICAL, ROOF. INTERIOR FINISH. CHANG CONDITION FROM B NML TO VGD, REMOVE LAYOUT AND BSMNT ADJUSTMENT. 2/24/23 JA

1-2023 ADJ GRADE DUE TO EQ, RMVD VACANCY ADJ. REVAL ADDN PRICING. 03/07/2023 NM
  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $3,837,100.00 $1,778,220.00 $72,794.00 $72,794.00
2022 2023-2024 $1,146,300.00 $978,645.00 $40,462.00 $40,462.00
2021 2022-2023 $1,146,300.00 $1,031,670.00 $42,318.59 $39,834.00
2020 2021-2022 $1,156,400.00 $1,040,760.00 $43,570.00 $40,876.00
2019 2020-2021 $1,622,200.00 $1,459,980.00 $60,967.00 $58,202.00
2018 2019-2020 $1,622,200.00 $1,459,980.00 $59,303.00 $56,386.00
2017 2018-2019 $1,622,200.00 $1,459,980.00 $59,030.00 $56,134.00
  Sketch
  • Sketch for PIN 14214-57009-00000
    Sketch for PIN 14214-57009-00000
  • Sketch for PIN 14214-57009-00000
    Sketch for PIN 14214-57009-00000