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Warehouse and Office Combo Opportunity
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1010 3rd Ave & 1011 2nd Ave SW, Cedar Rapids, IA 52404

Two-story office building and warehouse on 1.079 AC for sale.

Property Size23,501 SF
Lot Size1.08 Acres
Price / SF$37.23
Days on Market188

Property Features for 1010 3rd Ave & 1011 2nd Ave SW

General Information

Standard status Active
Size 23,501 SF
Lot size 1.08 Acres
Property subtype Industrial
Zoning T-IM

Building Details

Year Built 1962
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Michael Gibbs · License #S66802000
Source: Crexi
Added: Feb 5 Changed: Aug 8 Last Checked: Aug 8 at 2:47PM

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 Real Estate Advisors

Investment Insights

Based on property information with market context.

This offering presents an opportunity to acquire a warehouse and office combination, suitable for an owner-user or investor. The property includes a two-story office building and a 17,537 square foot warehouse located across the parking lot. The purchase encompasses six parcels totaling 1.079 acres. The warehouse is currently leased to three tenants, and the second floor of the office building is also leased. All leases expire this year, providing flexibility for a new owner to renew leases or occupy the space. The first floor of the office is vacant and available for lease. The included parcels have the following GPN numbers: 14291-64016-00000, 14291-64015- 00000, 14291-64014-00000, 14291-64004-00000, 14291- 64005-00000, and 14291-64018-00000.

Key Highlights

  • Warehouse and office combo presents opportunity for owner‑user or investor.
  • Includes a 17,537 SF warehouse and a two‑story office building.
  • Total of 6 parcels included, equaling 1.079 AC.

Property 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

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story office building and warehouse on 1.079 AC for sale.
Where is this mixed-use property located?
The property is located at 1010 3rd Ave & 1011 2nd Ave SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Warehouse and office combo presents opportunity for owner‑user or investor.; Includes a **17,537 SF warehouse** and a **two‑story office building**.; Total of 6 parcels included, equaling 1.079 AC.
More about this property
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