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118 3RD Avenue SE Unit 207, Cedar Rapids, IA 52401

Modified gross terms apply, with desktop electricity as an additional tenant expense.

Space Size208 SF - 2,025 SF
Days on Market15

Property Features for 118 3RD Avenue SE Unit 207

General Information

Standard status Active
Size 208 SF - 2,025 SF
Net Rentable 208 SF
Lease Type Modified Gross
Lease Term []

Space & Availability

Available Space 208-2,025 SF
Space Use Office
Sublease No

Building Details

Year Built 1918
Listing Agency: SKOGMAN REALTY
Listed By: John Beardsworth · License #IA S68410000
Source: Cbhrealty
Added: Sep 30 Changed: Oct 13 Last Checked: Oct 12 at 8:30PM

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 REALTY

Investment Insights

Based on property information with market context.

Office suites are available in the Higley Building, a 57,552-SF property built in 1918. Current suite sizes range from approximately 208 SF to 2,025 SF, offering a range of office-space configurations within the building. The lease structure is modified gross, with desktop electricity charged separately.

The property is at 118 3rd Avenue SE in downtown Cedar Rapids, Iowa. The landlord can assist with arranging employee parking for tenants.

Key Highlights

  • Office suites range from approximately 208 SF to 2,025 SF
  • 57,552‑SF building constructed in 1918
  • Modified gross lease; desktop electricity is an additional cost

Property Analytics

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Current Use

Basket Bowtique - Downtown ... (Bike/Boat/Book/etc) Store Newport Design (Bike/Boat/Book/etc) Store Cedar Rapids Relationship ... Crisis Center WILLIAMS LAW OFFICE, ... Law Firm Stanley Consultants Inc Engineering Consultant

Suggested Use

Top Pick Auto Parts Store Storage Facility Barber Shop Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

4,055
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Cedar Rapids, IA

$12.5 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,498 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 - Modified gross terms apply, with desktop electricity as an additional tenant expense.
Where is this office units located?
The property is located at 118 3RD Avenue SE Unit 207 Cedar Rapids, IA.
What are key features of this property?
This property features: Office suites range from approximately 208 SF to 2,025 SF; 57,552‑SF building constructed in 1918; Modified gross lease; desktop electricity is an additional cost
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