Two-Story Mixed-Use
For Lease
$354,999
1056 5th Avenue Se, Cedar Rapids, IA 52403
Retail space occupies the main level, with recently renovated apartments arranged above.
Space SizeContact for details
Days on Market52
Property Features for 1056 5th Avenue Se
General Information
Standard status
Active
Property subtype
Commercial
Zoning
UVG
Building Details
Year Built
1950
Stories
2
Listing Agency:
GLD COMMERCIAL
(319) 731-3400
Listed By:
Michael Gibbs
Source:
Q4realestate
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 5:09AM
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
Investment Insights
Based on property information with market context.
This two-story mixed-use property, built in 1950, combines 1,725 SF of retail space on the first floor with two recently renovated two-bedroom apartments upstairs. The retail area was previously configured for salon use and retains related infrastructure, while furniture, fixtures, and equipment have been removed.
Located next to the MedQuarter in Cedar Rapids, the property includes parcel 14223-33002-0000, a parking lot situated directly behind the building. The configuration places commercial space and residential units within the same building, supported by dedicated rear parking.
Located next to the MedQuarter in Cedar Rapids, the property includes parcel 14223-33002-0000, a parking lot situated directly behind the building. The configuration places commercial space and residential units within the same building, supported by dedicated rear parking.
Key Highlights
- 1,725 SF of first‑floor retail space
- Two recently renovated two‑bedroom apartments on the second level
- Former salon configuration with infrastructure remaining
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Market
Lease Benchmarks for Cedar Rapids, IA
$17.39 /SF/Yr
Avg Asking Price
$15–$21 /SF/Yr
Price Range
45,086 SF
Avg Space Size
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space occupies the main level, with recently renovated apartments arranged above.
Where is this mixed-use property located?
The property is located at 1056 5th Avenue Se Cedar Rapids, IA.
What is the lease rate?
The lease rate is $354,999.
What are key features of this property?
This property features: 1,725 SF of first‑floor retail space; Two recently renovated two‑bedroom apartments on the second level; Former salon configuration with infrastructure remaining
