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Downtown Office Suites Connected
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110-215 3rd Ave Se, Cedar Rapids, IA 52401

Professionally managed office property offering updated suites with access to the downtown skywalk system.

Space SizeContact for details
Days on Market645

Property Features for 110-215 3rd Ave Se

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $278,354

Building Details

Tenancy Multi
Listing Agency: Cushman & Wakefield Iowa Commercial Advisors
Listed By: Ryan Fitzpatrick
Source: Exprealty
Added: Dec 2, 2024 Changed: Aug 20 Last Checked: Sep 8 at 10:38AM

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 Cushman & Wakefield Iowa Commercial Advisors

Investment Insights

Based on property information with market context.

Town Centre is a professionally managed office property in central downtown Cedar Rapids offering multiple office suites in varying sizes. Available spaces include updated modern office suites, and the property is connected to the downtown skywalk system, providing convenient interior access.

The building is served by an onsite parking ramp that is planned to reopen in 2025. Tenant parking costs will be negotiated at the time of lease.

The listed square footage reflects usable space for the available suite, and the property load factor is approximately 1.13.

Key Highlights

  • Professionally managed office property in central downtown Cedar Rapids offering multiple office suites and sizes
  • Updated, modern office suites
  • Connected to the downtown skywalk system

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Barber Shop Locksmith Pet Grooming Service Tanning Salon

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,946
Businesses Nearby

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

Lease Benchmarks for Cedar Rapids, IA

$13.87 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
43,451 SF
Avg Space Size

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?
Office units - Professionally managed office property offering updated suites with access to the downtown skywalk system.
Where is this office units located?
The property is located at 110-215 3rd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: Professionally managed office property in central downtown Cedar Rapids offering multiple office suites and sizes; Updated, modern office suites; Connected to the downtown skywalk system
More about this property
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