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118 3rd Avenue SE 207, Cedar Rapids, IA 52401

Multiple suite sizes are available in a historic Cedar Rapids office building, with modified-gross leases and tenant parking coordination.

Space Size208 SF - 2,025 SF
Days on Market6

Property Features for 118 3rd Avenue SE 207

General Information

Standard status Active
Size 208 SF - 2,025 SF
Net Rentable 208 SF
Property subtype Com Lease
Zoning U-DC
Lease Type Modified Gross

Space & Availability

Available Space 208-2,025 SF
Space Use Office

Taxes and HOA fees

Annual Taxes $62,162

Amenities

Carpet,Concrete
Yes
8
Display Window(s)
Building,Land
Public
0.19
8400

Building Details

Year Built 1918
Stories 8
Listing Agency: RE/MAX Concepts - Cedar Falls
Listed By: Emmaleigh Buck
Source: Pinnaclerealtyia
Added: Oct 9 Changed: Oct 13 Last Checked: Oct 12 at 4:57PM

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 RE/MAX Concepts - Cedar Falls

Investment Insights

Based on property information with market context.

Office suites are offered in the Higley Building, a 1918 property at 118 3rd Avenue SE in downtown Cedar Rapids. Available spaces range from approximately 208 SF to 2,025 SF, with carpet and concrete finishes and display windows. The building is zoned U-DC.

Leases are structured as modified gross, with desktop electricity billed separately. Building ownership can help arrange employee parking for tenants.

Key Highlights

  • Office suites range from approximately 208 SF to 2,025 SF
  • 1918 building in downtown Cedar Rapids at 118 3rd Avenue SE
  • Modified‑gross lease structure; desktop electricity is an additional cost

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Barber Shop Locksmith

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

2,508
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

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 sizes are available in a historic Cedar Rapids office building, with modified-gross leases and tenant parking coordination.
Where is this office units located?
The property is located at 118 3rd Avenue SE 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; 1918 building in downtown Cedar Rapids at 118 3rd Avenue SE; Modified‑gross lease structure; desktop electricity is an additional cost
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