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First-Floor Office Suite
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316 2ND Street SE Unit 130, Cedar Rapids, IA 52401

First-level suite with direct exterior entry, private restrooms, and connection to the downtown skywalk system.

Space SizeContact for details
Days on Market814

Property Features for 316 2ND Street SE Unit 130

General Information

Standard status Active
Lease Type NNN
Lease Term []

Space & Availability

Floor 1
Space Use Office

Lease Terms

Lease Rate $7.95 /USD/SF/YR
Rent per SF/Year $7.95

Amenities

skywalk system

Building Details

Year Built 1991
Tenancy Multi
Listing Agency: Cushman & Wakefield Iowa Commercial Advisors,
Listed By: Ryan Fitzpatrick
Source: Cbhrealty
Added: Jun 8, 2024 Changed: Aug 29 Last Checked: Aug 29 at 7:06PM

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.

This first-level office suite at 316 2ND Street SE, Unit 130, includes its own exterior entrance and dedicated interior restrooms. The suite is part of Town Centre, a professionally managed property offering multiple office configurations and updated office interiors. The property was built in 1991 and contains 179,079 SF.

Located in central downtown Cedar Rapids, the building connects to the downtown skywalk system. An onsite parking ramp is planned to reopen in 2025, subject to the stated plans. Additional office suites and sizes are available within the property.

Key Highlights

  • First‑level office suite with immediate exterior access
  • Exclusive interior restrooms serving the suite
  • Connected to the downtown Cedar Rapids skywalk system

Property Analytics

Current Use

Elderkin & Pirnie, PLC: ... Law Firm Roemerman William H Law Firm

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Barber Shop Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.19 /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

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

This space is priced 43% below the average of $13.85 /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
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Frequently Asked Questions

What type of property is this?
Office units - First-level suite with direct exterior entry, private restrooms, and connection to the downtown skywalk system.
Where is this office units located?
The property is located at 316 2ND Street SE Unit 130 Cedar Rapids, IA.
What are key features of this property?
This property features: First‑level office suite with immediate exterior access; Exclusive interior restrooms serving the suite; Connected to the downtown Cedar Rapids skywalk system
More about this property
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