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Downtown Restaurant with Patio
For Lease
$5,000/Mo Modified Gross

110-112 2nd St SE, Cedar Rapids, IA 52401

Former restaurant space with first-floor dining and kitchen, plus basement storage, office, and coolers, including a dedicated patio.

Space Size4,600 SF
Property Size6,900 SF
Days on Market48

Property Features for 110-112 2nd St SE

General Information

Standard status Active
Size 4,600 SF
Property subtype Retail - Restaurant

Additional Details

Business Included Yes
Commercial Hood Yes

Building Details

Building Size 6,900 SF
Year Built 1910

Spaces For Lease

at 110-112 2nd St SE Contact us

110 & 112 2nd St SE (For Lease)

Size
4,600 SF
Type
Retail
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: GLD Commercial
Listed By: Adam Gibbs, SIOR
Source: Commercialcafe
Added: Jul 13 Changed: Aug 23 Last Checked: Aug 29 at 6:19AM

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 downtown restaurant building offers approximately 2,300 SF on the first floor, featuring dining/seating and a kitchen with the hood included. An additional 2,300 SF basement provides storage, a manager’s office, and coolers, supporting back-of-house operations. The property also includes a dedicated patio on 2nd St SE.

The location is just off 1st Avenue in the heart of downtown Cedar Rapids, providing a pedestrian-oriented setting for restaurant use.

The space is available for lease on a Modified Gross basis, with the tenant paying $5,000 per month plus their own utilities.

Key Highlights

  • Former El Dorado restaurant with first‑floor dining/seating and kitchen totaling 2,300 SF
  • Basement level adds 2,300 SF of storage space plus manager’s office and coolers
  • Dedicated patio on 2nd St SE

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Barber Shop 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.

Lease Details

Turnkey business
Opportunity
Yes
Commercial hood
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

3,039
Businesses Nearby
Balanced
Demand for This Use

Demographics for 52401, IA

2,320
Population
1,480
Households
1.6
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
1.2 sq mi
ZIP Area
1,933
Density / Sq Mi
$40,675
Median Household Income
$38,635
Median Earnings
$783
Median Rent
$143,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant space with first-floor dining and kitchen, plus basement storage, office, and coolers, including a dedicated patio.
Where is this conventional restaurant located?
The property is located at 110-112 2nd St SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Former El Dorado restaurant with first‑floor dining/seating and kitchen totaling 2,300 SF; Basement level adds 2,300 SF of storage space plus manager’s office and coolers; Dedicated patio on 2nd St SE
More about this property
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