Building Details

Year Built 1927

Listing Agency: IOWA REALTY COMMERCIAL j***@iowarealty.com Show Phone

Listed By: Jeremy Tipton, CCIM · License #B59800000 Show Phone

Source: Naiglobal

Added: Mar 6 Changed: Jul 6 Last Checked: Aug 10 at 3:41AM

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Investment Insights

Based on property information with market context.

This retail space is located on the first floor of the Paramount Building. The space is accessible from 3rd Avenue, with a secondary entrance on 2nd Street. It features display windows and is situated next to the Paramount Theater in Downtown Cedar Rapids.

Key Highlights

• Prime location in Downtown Cedar Rapids
• Located next to the Paramount Theater
• First floor retail space

Property Analytics

Property Profile

Current Use

American Rivers Conference Gym & Fitness Center Shoemaker Law Office Law Firm Chaisten Vanscoy, Bankers ... Insurance Agency Spencer Willett, Bankers ... Insurance Agency Jackson Goodwin, Bankers ... Insurance Agency

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

NNN (Triple Net)

Lease Type

$1.64 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,465

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

Market

Lease Benchmarks for Cedar Rapids, IA

$17.75 /SF/Yr

Avg Asking Price

$10–$42 /SF/Yr

Price Range

31,109 SF

Avg Space Size

This space is priced 38% below the average of $17.75 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with display windows in downtown Cedar Rapids.

Where is this retail space located?

The property is located at 305 2nd Street SE Cedar Rapids, IA.

What is the lease rate?

The lease rate is $10.95 SF/Yr.

What are key features of this property?

This property features: Prime location in Downtown Cedar Rapids; Located next to the Paramount Theater; First floor retail space