Downtown Office
For Lease
Contact for pricing
118 3RD Avenue SE Unit 309, Cedar Rapids, IA 52401
Modified-gross leasing is available, with desktop electricity billed separately.
Space Size208 SF - 2,025 SF
Days on Market15
Property Features for 118 3RD Avenue SE Unit 309
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
Building Details
Year Built
1918
Tenancy
Multi
Listing Agency:
SKOGMAN REALTY
Listed By:
John Beardsworth · License #IA S68410000
(319) 360-6615
Source:
Cbhrealty
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 12 at 8:52PM
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 in the historic Higley Building range from approximately 208 to 2,025 square feet. The property was built in 1918 and offers multiple suite sizes for lease. Lease terms are modified gross, with desktop electricity as an additional charge.
Situated in downtown Cedar Rapids, the building offers a central setting for office users. The landlord can help arrange employee parking. Qualifying nonprofit organizations and startup businesses may receive a 50% first-year rent reduction.
Situated in downtown Cedar Rapids, the building offers a central setting for office users. The landlord can help arrange employee parking. Qualifying nonprofit organizations and startup businesses may receive a 50% first-year rent reduction.
Key Highlights
- Suites range from approximately 208 SF to 2,025 SF
- Modified‑gross lease; desktop electricity is an additional cost
- Qualifying nonprofits and startups are eligible for a 50% rent reduction during the first lease year
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
Explore this area
Business Placement
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
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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
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Frequently Asked Questions
What type of property is this?
Office units - Modified-gross leasing is available, with desktop electricity billed separately.
Where is this office units located?
The property is located at 118 3RD Avenue SE Unit 309 Cedar Rapids, IA.
What are key features of this property?
This property features: Suites range from approximately 208 SF to 2,025 SF; Modified‑gross lease; desktop electricity is an additional cost; Qualifying nonprofits and startups are eligible for a 50% rent reduction during the first lease year
