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Mixed-Use Office and Warehouse Property

1011-2nd-ave-sw-1010 3rd Ave Sw, Cedar Rapids, IA 52404

For Sale
$850,000

Separate office and warehouse buildings provide a combination of vacant space and an occupied warehouse suite.

Property Size23,501 SF
Lot Size1.08 Acres
Price / SF$36.17
Days on Market11

Property Features for 1011-2nd-ave-sw-1010 3rd Ave Sw

General Information

Standard status Active
Size 23,501 SF
Lot size 1.08 Acres

Warehouse & Industrial

Warehouse Space 17,537 SF
Office Build-Out 5,964 SF

Additional Details

Tenant in Place Yes
Property Use Warehouse/Office

Taxes and HOA fees

Annual Taxes $28,716

Building Details

Buildings 2
Stories 2
Owner Occupied No
Listing Agency: GLD COMMERCIAL
Listed By: Michael Gibbs · License IA S66802000
Source: Exprealty
Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 6:13PM

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.

The offering combines a two-story office building at 1011 2nd Ave SW with a warehouse at 1010 3rd Ave SW, across the parking lot. The office building contains 5,964 square feet and is vacant. The warehouse totals 17,537 square feet; a nonprofit tenant occupies an 8,000-square-foot suite, leaving the remaining warehouse area available for a user. The properties are part of a six-parcel assemblage totaling 1.079 acres.

Key Highlights

  • Two‑story office building with 5,964 square feet
  • 17,537‑square‑foot warehouse with an 8,000‑square‑foot tenant suite
  • Remaining warehouse area available for a user

Property Analytics

Current Use

Office buildings

Location Intelligence

Trade Area within ½ mile

1,946
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Separate office and warehouse buildings provide a combination of vacant space and an occupied warehouse suite.
Where is this mixed-use property located?
The property is located at 1011-2nd-ave-sw-1010 3rd 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; 17,537‑square‑foot warehouse with an 8,000‑square‑foot tenant suite; Remaining warehouse area available for a user
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