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    701-713 3Rd Ave SE Cedar Rapids, IA 52401

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    For Lease
    $10 SF/Yr ($1,225 /Mo)

    Newly renovated retail or office space in downtown Cedar Rapids.

    Property size:
    1,400 SF
    Lot size:
    0.45 Acres

    Property Features for 701-713 3Rd Ave SE

    General Information

    Size
    1,400 SF
    Lot size
    0.45 Acres

    Source: GLD Commercial Agent Rachel Waters

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

    Overview

    Renovated Retail/Office Space Available

    Located in downtown Cedar Rapids, immediately adjacent to the MedQuarter, this newly renovated building offers retail or office space. Two suites remain, each measuring 1,400 square feet. Units 703 and 707 feature new plumbing, paint, electrical systems, doors, and large retail windows. Unit 703 is carpeted and move-in ready. New tenants for unit 707 have the option to select flooring and paint. Onsite parking is available on the south end of the building, providing approximately 30 parking spaces. The parking lot is scheduled to be resurfaced and striped in the near future. Neighboring businesses include Factory Mattress, Refinery Salon, and Kamals Clearance Center.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6796216
    Latitude
    41.9716868

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    FAQs

    What type of property is this?
    Retail space - Newly renovated retail or office space in downtown Cedar Rapids.
    Where is this retail space located?
    The property is located at 701-713 3Rd Ave 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: - Adjacent to the MedQuarter; - Newly renovated retail or office space; - Ample onsite parking with approximately 30 spaces
    (319) 731-3400
    Request Owner's contact information
    701-713 3Rd Ave SE 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
    701-713 3Rd Ave SE Cedar Rapids, IA 52401
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