Office and Warehouse Mixed-Use
New
For Lease
$8 SF/Yr
1010 3rd Ave Sw & 1011 2nd Ave Sw, Cedar Rapids, IA 52404
The office building is vacant, while a nonprofit tenant occupies 8,000 square feet of the warehouse.
Space Size5,964 SF
Property Size17,537 SF
Lot Size1.08 Acres
Days on Market2
Property Features for 1010 3rd Ave Sw & 1011 2nd Ave Sw
General Information
Standard status
Active
Size
5,964 SF
Net Rentable
5,964 SF
Lot size
1.08 Acres
Property subtype
Commercial
Zoning
TIM
Lease Type
Modified Gross
Space & Availability
Available Space
5,964 SF
Contiguous Space
5,964 SF
Space Use
Warehouse
Lease Terms
Lease Rate
$8 /SF/YR
Monthly Rent
$4,970
Rent per SF/Year
$8
Building Details
Year Built
1962
Buildings
1
Stories
2
Building Size
17,537 SF
Listing Agency:
GLD COMMERCIAL
Listed By:
Michael Gibbs
(563) 542-8574
Source:
Q4realestate
Added: Nov 1
Last Checked: Nov 1 at 3:44PM
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
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Investment Insights
Based on property information with market context.
The property consists of two separate buildings: a two-story office building with 5,964 square feet and a 17,537-square-foot warehouse across the parking lot. The office building is vacant. A nonprofit tenant occupies an 8,000-square-foot warehouse suite, and the remaining warehouse area is available for use or lease. The property is zoned TIM.
The six-parcel assemblage totals 1.079 acres and includes 1011 2nd Ave SW and 1010 3rd Ave SW in Cedar Rapids, Iowa.
The six-parcel assemblage totals 1.079 acres and includes 1011 2nd Ave SW and 1010 3rd Ave SW in Cedar Rapids, Iowa.
Key Highlights
- Two buildings: a 5,964‑square‑foot office and a 17,537‑square‑foot warehouse
- The two‑story office building is vacant
- A nonprofit tenant occupies an 8,000‑square‑foot warehouse suite
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Cedar Rapids, IA
$16.71 /SF/Yr
Avg Asking Price
$8–$21 /SF/Yr
Price Range
88,897 SF
Avg Space Size
This space is priced 52% below the average of $16.71 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The office building is vacant, while a nonprofit tenant occupies 8,000 square feet of the warehouse.
Where is this mixed-use property located?
The property is located at 1010 3rd Ave Sw & 1011 2nd Ave Sw Cedar Rapids, IA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Two buildings: a 5,964‑square‑foot office and a 17,537‑square‑foot warehouse; The two‑story office building is vacant; A nonprofit tenant occupies an 8,000‑square‑foot warehouse suite
