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Modern Office Suites Connected to Skywalk
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410-215 3rd Ave Se, Cedar Rapids, IA 52401

Multiple suite configurations are available within a professionally managed downtown office property.

Space SizeContact for details
Days on Market636

Property Features for 410-215 3rd Ave Se

General Information

Standard status Active
Lease Type NNN

Lease Terms

Lease Rate $4.95 /USD/SF/YR
Rent per SF/Year $4.95

Additional Details

Space Use Office

Taxes and HOA fees

Annual Taxes $278,354

Amenities

skywalk system
Listing Agency: Cushman & Wakefield Iowa Commercial Advisors
Listed By: Ryan Fitzpatrick
Source: Exprealty
Added: Dec 2, 2024 Changed: Aug 30 Last Checked: Aug 30 at 2:51AM

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 410-215 3rd Ave SE in downtown Cedar Rapids. The property contains 179,079 SF and offers multiple office suites in varying sizes, with updated modern finishes. Its connection to the downtown skywalk system provides direct access between the building and the connected pedestrian network.

An onsite parking ramp is planned to reopen in 2025, with exclusive immediate property parking anticipated once reopened. Tenant parking costs are subject to lease negotiations.

Key Highlights

  • 179,079 SF office property in downtown Cedar Rapids
  • Multiple office suites and sizes available
  • Updated modern office suite finishes

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store HVAC Service Big Box & Wholesale Store Locksmith Garden Center (Bike/Boat/Book/etc) 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
$0.74 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,821
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 64% 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Multiple suite configurations are available within a professionally managed downtown office property.
Where is this office units located?
The property is located at 410-215 3rd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: 179,079 SF office property in downtown Cedar Rapids; Multiple office suites and sizes available; Updated modern office suite finishes
More about this property
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