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Office Suites in Historic Building
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118 3RD Avenue SE Unit 409, Cedar Rapids, IA 52401

Multiple suite configurations are available under modified-gross leases, with desktop electricity charged separately.

Space SizeContact for details
Days on Market15

Property Features for 118 3RD Avenue SE Unit 409

General Information

Standard status Active
Lease Term []

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 8:40PM

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 space is available in the Higley Building, a historic property completed in 1918. Suite sizes range from approximately 208 SF to 2,025 SF, providing several options for businesses seeking a downtown Cedar Rapids address.

Lease terms are modified gross, with desktop electricity handled as an additional charge. Building ownership can help tenants coordinate employee parking arrangements.

Key Highlights

  • Office suites range from approximately 208 SF to 2,025 SF
  • Historic Higley Building, built in 1918
  • Modified‑gross lease structure

Property Analytics

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Open Analytics

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
View Realmo Analytics

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 - Multiple suite configurations are available under modified-gross leases, with desktop electricity charged separately.
Where is this office units located?
The property is located at 118 3RD Avenue SE Unit 409 Cedar Rapids, IA.
What are key features of this property?
This property features: Office suites range from approximately 208 SF to 2,025 SF; Historic Higley Building, built in 1918; Modified‑gross lease structure
More about this property
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