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Restaurant End-Cap with Patio
For Lease
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900 3rd Street SE 700, Cedar Rapids, IA 52401

South end-cap restaurant suite on the first floor with an outdoor patio and prominent 3rd St. SE frontage.

Space SizeContact for details
Days on Market505

Property Features for 900 3rd Street SE 700

General Information

Standard status Active
Property subtype Com Lease
Zoning UNG
Lease Type Net

Additional Details

Multifamily Units 183

Amenities

Concrete
Yes
5
No
Public
2.41
2.41 Ac

Building Details

Year Built 2025
Stories 5
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Jami Gordon
Source: Pinnaclerealtyia
Added: Apr 8, 2025 Changed: Aug 25 Last Checked: Aug 25 at 5:28AM

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 GLD Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

This mixed-use project includes flexible commercial suite sizes on the 1st floor. The south end-cap space is configured for restaurant use and includes an outdoor patio, providing an option to expand service beyond the interior layout. A tenant improvement allowance of $10/SF is offered for qualified tenants and terms.

The site is described as highly visible with frontage on 3rd St. SE. The property is positioned in the NewBo neighborhood, and the development will include 183 market-rate apartments as part of the project, creating an on-site residential component.

For restaurant operators, the combination of a dedicated end-cap configuration and an outdoor patio can support a strong guest experience for daytime and evening service, subject to lease terms and tenant improvements. The first-floor commercial flexibility also supports a range of concepts within the restaurant-oriented end-cap space, with the listed tenant improvement allowance helping offset buildout requirements for qualified applicants.

Key Highlights

  • South end‑cap restaurant suite on the 1st floor with an outdoor patio
  • Highly visible 3rd St. SE frontage
  • Tenant improvement allowance of $10/SF for qualified tenant and terms

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Dental Office Storage Facility Big Box & Wholesale Store Grocery & Convenience Store Nail 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

183
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,597
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

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?
Mixed-use property - South end-cap restaurant suite on the first floor with an outdoor patio and prominent 3rd St. SE frontage.
Where is this mixed-use property located?
The property is located at 900 3rd Street SE 700 Cedar Rapids, IA.
What are key features of this property?
This property features: South end‑cap restaurant suite on the 1st floor with an outdoor patio; Highly visible 3rd St. SE frontage; Tenant improvement allowance of $10/SF for qualified tenant and terms
More about this property
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