Modern Downtown Office
For Lease
Contact for pricing
316 2ND Street SE Unit 120, Cedar Rapids, IA 52401
Updated office suites connect directly to Cedar Rapids’ downtown skywalk system and offer multiple size options.
Space SizeContact for details
Days on Market687
Property Features for 316 2ND Street SE Unit 120
General Information
Standard status
Active
Lease Type
NNN
Lease Term
[]
Lease Terms
Lease Rate
$5 /USD/SF/YR
Rent per SF/Year
$5
Additional Details
Sublease
No
Amenities
skywalk system
Building Details
Year Built
1991
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors,
Listed By:
Ryan Fitzpatrick
(319) 364-8121
Source:
Cbhrealty
Added: Oct 13, 2024
Changed: Aug 28
Last Checked: Aug 29 at 10:06AM
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,
Investment Insights
Based on property information with market context.
Town Centre is a professionally managed office property at 316 2ND Street SE in downtown Cedar Rapids. The building contains updated office suites in multiple sizes and was constructed in 1991. The available suite area is identified as usable square footage, with an approximate 1.13 property load factor.
The property is integrated with the downtown skywalk system, providing connected access within the central business district. An onsite parking ramp is planned to reopen in 2025, with immediate property parking anticipated upon reopening. The building contains 179,079 square feet according to the property record.
The property is integrated with the downtown skywalk system, providing connected access within the central business district. An onsite parking ramp is planned to reopen in 2025, with immediate property parking anticipated upon reopening. The building contains 179,079 square feet according to the property record.
Key Highlights
- Updated office suites available in multiple sizes
- Connected to Cedar Rapids’ downtown skywalk system
- 179,079‑square‑foot office property
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,055
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
$13.85 /SF/Yr
Avg Asking Price
$8–$25 /SF/Yr
Price Range
35,222 SF
Avg Space Size
This space is priced 64% below the average of $13.85 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated office suites connect directly to Cedar Rapids’ downtown skywalk system and offer multiple size options.
Where is this office units located?
The property is located at 316 2ND Street SE Unit 120 Cedar Rapids, IA.
What are key features of this property?
This property features: Updated office suites available in multiple sizes; Connected to Cedar Rapids’ downtown skywalk system; 179,079‑square‑foot office property
