Listing Agency: GLD COMMERCIAL a***@gldcommercial.com Show Phone

Listed By: Adam Gibbs · License #B43857000 Show Phone

Source: Exprealty

Added: Apr 8, 2025 Changed: Aug 21 Last Checked: Aug 29 at 11:54AM

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Investment Insights

Based on property information with market context.

Located in the NewBo neighborhood, this mixed-use project offers commercial spaces with flexible suite sizes available on the first floor. The property is highly visible with frontage on 3rd St. SE. The development includes 183 market-rate apartments, presenting a unique opportunity for commercial occupants. One of the south end-cap spaces features an outdoor patio, making it suitable for a restaurant. The property offers an exceptional opportunity for businesses seeking a vibrant neighborhood with amenities within walking distance.

Key Highlights

• Located in the vibrant NewBo neighborhood with walkable amenities.
• Highly visible site with frontage on 3rd St. SE.
• Features 183 market‑rate apartments above, providing a built‑in customer base.

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

Top Pick Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store Barber Shop Pet Grooming Service Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

4,082

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

$17.39 /SF/Yr

Avg Asking Price

$15–$21 /SF/Yr

Price Range

45,086 SF

Avg Space Size

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Vibrant commercial space in Cedar Rapids' NewBo neighborhood.

Where is this mixed-use property located?

The property is located at 400-900 3rd St Se Cedar Rapids, IA.

What are key features of this property?

This property features: Located in the vibrant NewBo neighborhood with walkable amenities.; Highly visible site with frontage on 3rd St. SE.; Features 183 market‑rate apartments above, providing a built‑in customer base.