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Open-Plan Office Units

1243-1245 1st Ave SE, Cedar Rapids, IA 52401

For Sale
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Urban zoning and convenient I-380 access support office, retail, and other commercial occupancy.

Property Size2,644 SF
Price / SF$183.43
Days on Market32

Property Features for 1243-1245 1st Ave SE

General Information

Standard status Active
Size 2,644 SF
Property subtype Office
Zoning Urban

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Property Use Office

Amenities

on-site management
Listing Agency: WSG CRE
Listed By: Josh Seamans · License IA B57696000
Source: Crexi
Added: Oct 9 Changed: Nov 8 Last Checked: Nov 8 at 2:18PM

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

Rey
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Investment Insights

Based on property information with market context.

These office units provide 2,644 square feet in an open-concept layout, with a contemporary façade and off-street parking. The property is described as well maintained and has on-site management. Urban zoning supports office, retail, and other commercial uses, subject to restrictions prohibiting tobacco, vape, liquor, and pawn shop uses.

The property is in Cedar Rapids’ MedQuarter along 1st Avenue SE, across from Coe College and near the 1st Avenue Starbucks. I-380 access is also available nearby.

Key Highlights

  • 2,644 SF office property with an open‑concept layout
  • Urban zoning; tobacco, vape, liquor, and pawn shop uses are prohibited
  • Located in Cedar Rapids’ MedQuarter on 1st Avenue SE

Property Analytics

Current Use

Office Units

Suggested Use

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

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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,287
Businesses Nearby

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

Average Price Trend$/SF for Office Units in Cedar Rapids, IA

$103 Jul
$133 Aug
$142 Sep
$101 Oct

Properties on Market for Office Units in Cedar Rapids

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Urban zoning and convenient I-380 access support office, retail, and other commercial occupancy.
Where is this office unit located?
The property is located at 1243-1245 1st Ave SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,644 SF office property with an open‑concept layout; Urban zoning; tobacco, vape, liquor, and pawn shop uses are prohibited; Located in Cedar Rapids’ MedQuarter on 1st Avenue SE
(319) 343-5542 Call to check price and availability
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