Building Details

Year Built 1875

Stories 3

Listing Agency: GLD COMMERCIAL Show Phone

Listed By: Jaime Hymer Show Phone

Source: Pinnaclerealtyia

Added: Jan 26 Changed: Sep 7 Last Checked: Sep 7 at 5:55AM

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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 building offers individual office spaces suitable for business operations, particularly for startups seeking a secure location in the medical district. Multiple offices are available for lease, offering the flexibility to rent one or several units. Lease terms require a minimum of twelve months. Rent is variable, depending on the size and the number of rooms leased. The property is located in Cedar Rapids, Iowa.

Key Highlights

• Located in the heart of the medical district.
• Suitable for new or existing businesses.
• Secure office location.

Property Analytics

Property Profile

Current Use

Anthony Mielke Marriage Or Relationship Counselor A. T. Averill House Tour Operator William F Olinger ... Law Firm Powers & Beard LLP Law Firm

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Tanning Salon Garden Center

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,287

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

$13.49 /SF/Yr

Avg Asking Price

$0.99–$25 /SF/Yr

Price Range

37,218 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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Secure office location in the heart of the medical district.

Where is this office units located?

The property is located at 1120 2nd Avenue SE Cedar Rapids, IA.

What are key features of this property?

This property features: Located in the heart of the medical district.; Suitable for new or existing businesses.; Secure office location.