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Third-Floor Office Suite in Paramount Building
For Lease
$12 SF/Yr

305 2nd St SE #300, Cedar Rapids, IA 52401

Third-floor office suite with reception, seven private offices, multiple conference and meeting rooms, and a bullpen area.

Space Size4,323 SF
Property Size33,169 SF
Days on Market34

Property Features for 305 2nd St SE #300

General Information

Standard status Active
Size 4,323 SF
Class B
Property subtype Office - General Office

Building Details

Building Size 33,169 SF
Year Built 1927

Spaces For Lease

at 305 2nd St SE #300 Contact us

Suite 300 $12/SF/Yr

Size
4,323 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: GLD Commercial
Listed By: Rachel Waters · License #S71287000
Source: Commercialcafe
Added: Jul 20 Changed: Aug 8 Last Checked: Aug 18 at 8:50AM

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

Investment Insights

Based on property information with market context.

Located in the Paramount Building, this well-maintained third-floor office suite will be available for lease this fall. The layout includes an open reception area, seven private offices, one large conference room, one meeting room, a breakroom, and an open bullpen area suitable for cubicles or collaborative workspace. Shared restrooms are included, and FF&E is not included.

The building offers secure access with key fob entry and elevator service. Parking availability can be confirmed through Park CR, or the landlord may provide parking options in the GTC Ramp at $80 per vehicle/person.

The suite is designed to support both private work and team-oriented meetings, with multiple enclosed meeting spaces alongside an open bullpen for flexible daily operations.

Key Highlights

  • Historic Paramount Building office space on the third floor in downtown Cedar Rapids
  • Suite layout includes an open reception area plus 7 private offices
  • Includes one large conference room, one meeting room, and a breakroom

Property Analytics

Current Use

American Rivers Conference Gym & Fitness Center Shoemaker Law Office Law Firm Chaisten Vanscoy, Bankers ... Insurance Agency Spencer Willett, Bankers ... Insurance Agency Jackson Goodwin, Bankers ... Insurance Agency

Suggested Use

Top Pick Auto Parts Store Storage Facility Barber Shop Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,055
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

Lease Benchmarks for Cedar Rapids, IA

$14.94 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
35,589 SF
Avg Space Size

This space is priced 20% below the average of $14.94 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Third-floor office suite with reception, seven private offices, multiple conference and meeting rooms, and a bullpen area.
Where is this office units located?
The property is located at 305 2nd St SE #300 Cedar Rapids, IA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Historic Paramount Building office space on the third floor in downtown Cedar Rapids; Suite layout includes an open reception area plus 7 private offices; Includes one large conference room, one meeting room, and a breakroom
More about this property
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