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    305 2Nd St SE Cedar Rapids, IA 52401

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    For Lease
    $10 SF/Yr

    Retail space available in downtown Cedar Rapids near Paramount Theater.

    Property size:
    33,169 SF
    Lot size:
    33,169 SF

    Property Features for 305 2Nd St SE

    General Information

    Size
    33,169 SF

    Building Details

    Year built
    1927

    Source: Jeremy Tipton, CCIM Agent Jeremy Tipton, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Retail Space Near Theater

    This retail space is located on the first floor of the Paramount Building. The primary entrance is on 3rd Avenue, with a secondary entrance on 2nd Street. The space features display windows and is situated next to the Paramount Theater in Downtown Cedar Rapids. The property has a size of 33169 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Rivers Conference Athletic Club Shoemaker Law Office Estate Planning Attorney Chaisten Vanscoy, Bankers ... Insurance Agency Spencer Willett, Bankers ... Insurance Agency Jackson Goodwin, Bankers ... Insurance Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6669304
    Latitude
    41.976645

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    FAQs

    What type of property is this?
    Retail space - Retail space available in downtown Cedar Rapids near Paramount Theater.
    Where is this retail space located?
    The property is located at 305 2Nd St SE Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Downtown Cedar Rapids next to the Paramount Theater.; - First floor retail space with high visibility.; - Entrance on 3rd Ave.
    (319) 551-2079
    Request Owner's contact information
    305 2Nd St SE Cedar Rapids, IA 52401
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    Cedar Rapids, IA 52401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 2Nd St SE Cedar Rapids, IA 52401
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