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Mixed-Use Shell Space
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916 16th Street NE 100, Cedar Rapids, IA 52402

New mixed-use development offers shell space suitable for office, retail, or service-based businesses.

Space SizeContact for details
Days on Market1552

Property Features for 916 16th Street NE 100

General Information

Standard status Active
Property subtype Com Lease
Zoning T-MC
Lease Type Net

Additional Details

Highway Access Yes
Multifamily Units 186

Taxes and HOA fees

Annual Taxes $3,637

Amenities

Concrete
Yes
3
No
Display Window(s)
Public
5.37
233917.20
Off Street
Sprinkler/Irrigation

Building Details

Year Built 2022
Stories 3
Listing Agency: AWRE - Commercial & Development
Listed By: Melissa Redinbaugh
Source: Pinnaclerealtyia
Added: Jun 1, 2022 Changed: Aug 28 Last Checked: Aug 29 at 5:53AM

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 AWRE - Commercial & Development

Investment Insights

Based on property information with market context.

New shell space is available for lease within a brand-new mixed-use development known as The Hub. The available space is being offered in a shell condition, providing flexibility for a range of tenant improvements and build-outs.

The Hub is located in the Mt. Mercy University and Coe College district, with access to I-380. The surrounding area includes restaurants, grocery stores, and other service-based tenants.

In addition to commercial space, the development is planned to include 186 market-rate apartment units for rent. Lease terms include an introductory rate, with annual increases.

Key Highlights

  • 2022‑built mixed‑use development (The Hub) offers shell space for lease in the Mt. Mercy University and Coe College district
  • Shell space is suitable for office, retail, or service‑based businesses
  • 3 stories with HVAC and heating; concrete flooring and display window(s) reported

Property Analytics

Current Use

Cedar Rapids Inc Industrial Manufacturer

Suggested Use

Top Pick HVAC Service Real Estate Agency Bakery Furniture & Home Goods Acupuncture Barber Shop

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

186
Residential units
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

570
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

$13.85 /SF/Yr
Avg Asking Price
$8–$25 /SF/Yr
Price Range
35,222 SF
Avg Space Size

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - New mixed-use development offers shell space suitable for office, retail, or service-based businesses.
Where is this office units located?
The property is located at 916 16th Street NE 100 Cedar Rapids, IA.
What are key features of this property?
This property features: 2022‑built mixed‑use development (The Hub) offers shell space for lease in the Mt. Mercy University and Coe College district; Shell space is suitable for office, retail, or service‑based businesses; 3 stories with HVAC and heating; concrete flooring and display window(s) reported
More about this property
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