Downtown Cedar Rapids Office
For Lease
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501-215 3rd Ave Se, Cedar Rapids, IA 52401
Professionally managed office property in central downtown Cedar Rapids.
Space SizeContact for details
Days on Market515
Property Features for 501-215 3rd Ave Se
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$278,354
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
(319) 229-1003
Listed By:
Parker Ridge
(641) 226-9983
Source:
Exprealty
Added: May 19, 2025
Changed: Oct 4
Last Checked: Oct 15 at 12:46AM
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 Cushman & Wakefield Iowa Commercial Advisors
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Investment Insights
Based on property information with market context.
Located in central downtown Cedar Rapids, this professionally managed office property, known as Town Centre, offers a variety of office suites in multiple sizes. The property features updated, modern office suites and is connected to the downtown skywalk system. The listed square footage represents the useable square footage of the available suites, with a property load factor of approximately 1.13. An onsite parking ramp is planned to reopen in 2025, offering exclusive immediate property parking; tenant parking costs are to be negotiated at the time of lease.
Key Highlights
- Central downtown Cedar Rapids location with skywalk connectivity.
- Updated, modern office suites available.
- Onsite parking ramp planning to reopen in 2025, offering exclusive property parking.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,731
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
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Market
Lease Benchmarks for Cedar Rapids, IA
$12.5 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,498 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Professionally managed office property in central downtown Cedar Rapids.
Where is this office units located?
The property is located at 501-215 3rd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: Central downtown Cedar Rapids location with skywalk connectivity.; Updated, modern office suites available.; Onsite parking ramp planning to reopen in 2025, offering exclusive property parking.
