Renovated Historic Office
For Sale
Contact for pricing
Pending
116/118 3rd Avenue Se, Cedar Rapids, IA 52403
Recent improvements include ADA access, updated restrooms, a new roof, and fire escape work.
Property SizeContact for details
Days on Market142
Property Features for 116/118 3rd Avenue Se
General Information
Standard status
Pending
Property subtype
Office
Amenities
Skyway connection
Listing Agency:
Skogman Commercial Group
(319) 247-5000
Listed By:
Scott Olson · License #IA B24276000
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 8:44PM
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 Skogman Commercial Group
Investment Insights
Based on property information with market context.
This historic office property at 116/118 3rd Avenue SE has undergone substantial improvements across multiple floors. Recent work includes ADA access and restrooms, exterior painting of the windows, canopy, and soffit, a new roof, and updates to the fire escapes. The building also connects to the Skyway system and offers tenant amenities.
Located in the center of Cedar Rapids’ downtown revitalization area, the property has maintained a reported occupancy track record of 90–95%. Several floors have been remodeled, supporting continued office use within a renovated historic building.
Located in the center of Cedar Rapids’ downtown revitalization area, the property has maintained a reported occupancy track record of 90–95%. Several floors have been remodeled, supporting continued office use within a renovated historic building.
Key Highlights
- 90–95% historical occupancy track record
- Connection to the Skyway system
- ADA access and restrooms added
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,055
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recent improvements include ADA access, updated restrooms, a new roof, and fire escape work.
Where is this office building located?
The property is located at 116/118 3rd Avenue Se Cedar Rapids, IA.
What are key features of this property?
This property features: 90–95% historical occupancy track record; Connection to the Skyway system; ADA access and restrooms added
