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Office and Warehouse Property
For Sale
$850,000

1010 3RD Avenue SW Unit 1011 2nd Ave SW, Cedar Rapids, IA 52404

Two separate buildings provide office space and warehouse area, with part of the warehouse occupied by a nonprofit tenant.

Property Size23,501 SF
Price / SF$36.17
Days on Market14

Property Features for 1010 3RD Avenue SW Unit 1011 2nd Ave SW

General Information

Standard status Active
Size 23,501 SF
Property subtype Commercial
Lease Term []

Building Details

Year Built 1962
Listing Agency: GLD COMMERCIAL
Listed By: Michael Gibbs · License #S66802000
Source: Cbhrealty
Added: Oct 24 Changed: Nov 5 Last Checked: Nov 4 at 5:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD COMMERCIAL

Rey
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Investment Insights

Based on property information with market context.

This mixed-use offering consists of a two-story office building at 1011 2nd Ave SW and a separate warehouse at 1010 3rd Ave SW, positioned across a parking lot. The office building contains 5,964 square feet, while the warehouse totals 17,537 square feet.

The six-parcel property encompasses 1.079 acres. A nonprofit tenant occupies an 8,000-square-foot warehouse suite; the remaining warehouse area is available for use. The office building will be vacant.

Key Highlights

  • Two‑story office building with 5,964 square feet
  • Warehouse building contains 17,537 square feet
  • Nonprofit tenant occupies an 8,000‑square‑foot warehouse suite

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Boss Hogg's Grill Restaurant

Suggested Use

Top Pick Dental Office Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods Nail Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 52404, IA

43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two separate buildings provide office space and warehouse area, with part of the warehouse occupied by a nonprofit tenant.
Where is this mixed-use property located?
The property is located at 1010 3RD Avenue SW Unit 1011 2nd Ave SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑story office building with 5,964 square feet; Warehouse building contains 17,537 square feet; Nonprofit tenant occupies an 8,000‑square‑foot warehouse suite
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