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Retail Space Near Marcus Theatres
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5350 Council Street NE, Cedar Rapids, IA 52402

Retail/office space near Marcus Theatres, suitable for salon/spa.

Space Size1,443 SF
Property Size13,859 SF
Days on Market2918

Property Features for 5350 Council Street NE

General Information

Standard status Active
Size 1,443 SF
Property subtype Retail, Office
Lease Type Net

Building Details

Building Size 13,859 SF
Year Built 2015
Tenancy Multiple

Spaces For Lease

at 5350 Council Street NE Contact us

Suite E

Size
1,443 SF
Type
Office, Retail
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Skogman Commercial Group Cedar Rapids
Listed By: Mike Shaffer · License #IA B16886000
Source: Crexi
Added: Aug 22, 2018 Changed: Aug 8 Last Checked: Aug 14 at 5:09AM

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 Commercial Group Cedar Rapids

Investment Insights

Based on property information with market context.

This commercial space is located just west of Marcus Theatres on Council Street NE. The property is suitable for retail or office use. Co-tenants include Subway and Oyama. The space has a lot of plumbing, making it potentially suitable for a salon, spa, or similar business.

Key Highlights

  • Great retail location on Council St.
  • Co‑tenants include Subway and Oyama.
  • Built in 2015.

Property Analytics

Current Use

Body Piercing By ... Tattoo & Piercing Shop Subway Take-out & Catering Neon Dragon Tattoo ... Tattoo & Piercing Shop Oyama Sushi & Steakhouse Restaurant Fancy Nails & Spa Nail Salon

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Storage Facility Electrical 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

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

882
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

$17.75 /SF/Yr
Avg Asking Price
$10–$42 /SF/Yr
Price Range
31,109 SF
Avg Space Size

This space is priced 27% 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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail/office space near Marcus Theatres, suitable for salon/spa.
Where is this retail space located?
The property is located at 5350 Council Street NE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Great retail location on Council St.; Co‑tenants include Subway and Oyama.; Built in 2015.
More about this property
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