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Ground-Floor Office Suite
For Lease
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1229 1st Ave SE, Cedar Rapids, IA 52402

Ground-floor suite with private offices, conference areas, onsite parking, and utilities included in the CAM estimate.

Space Size3,530 SF
Days on Market139

Property Features for 1229 1st Ave SE

General Information

Standard status Active
Size 3,530 SF
Class B
Property subtype Office
Lease Type NNN

Additional Details

Highway Access Yes

Building Details

Building Size 3,530 SF
Year Built 1956
Tenancy Single

Spaces For Lease

at 1229 1st Ave SE Contact us

Available Space

Size
3,530 SF
Availability
Active
Contact us
Listing Agency: WSG CRE
Listed By: Josh Seamans · License #IA B57696000
Source: Crexi
Added: Apr 22 Changed: Sep 6 Last Checked: Sep 7 at 1:10PM

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 WSG CRE

Investment Insights

Based on property information with market context.

Available immediately, this 1st Avenue ground-floor office suite offers a turnkey setup designed for day-to-day professional use. The space includes private offices and conference areas, with prominent signage available along 1st Avenue. The building is described as secure yet conveniently located, and onsite parking is available for visitors and staff.

The property is positioned across from Coe College and within the Med-Q, providing straightforward access to downtown and I-380.

Utilities are included in the CAM estimate.

Key Highlights

  • Ground‑floor office suite in a 1956 building with private offices and conference areas
  • Onsite parking available
  • Building is secure and conveniently located near downtown and I‑380

Property Analytics

Current Use

Republic Abstract & Settlement ... Title Company

Suggested Use

Top Pick Barber Shop Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Florist HVAC Service

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,287
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$13.87 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
43,451 SF
Avg Space Size

This space is priced 28% below the average of $13.87 /SF/Yr.

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Ground-floor suite with private offices, conference areas, onsite parking, and utilities included in the CAM estimate.
Where is this office units located?
The property is located at 1229 1st Ave SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $9.95 SF/Yr.
What are key features of this property?
This property features: Ground‑floor office suite in a 1956 building with private offices and conference areas; Onsite parking available; Building is secure and conveniently located near downtown and I‑380
(319) 343-5542 Call to check price and availability
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