Modern Office
For Lease
Contact for pricing
215 3RD Avenue Unit 501, Cedar Rapids, IA 52401
Multiple suite sizes are available within a professionally managed downtown office property.
Space SizeContact for details
Days on Market641
Property Features for 215 3RD Avenue Unit 501
General Information
Standard status
Active
Lease Type
NNN
Lease Term
[]
Lease Terms
Lease Rate
$4.95 /USD/SF/YR
Rent per SF/Year
$4.95
Additional Details
Space Use
Office
Amenities
skywalk system
Building Details
Year Built
1991
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors,
Listed By:
Parker Ridge
(319) 364-8121
Source:
Cbhrealty
Added: Nov 27, 2024
Changed: Aug 30
Last Checked: Aug 30 at 7:07AM
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 179,079-square-foot office property at 215 3rd Avenue in downtown Cedar Rapids. The building was constructed in 1991 and offers updated office suites in multiple configurations, including Unit 501.
The property is integrated with Cedar Rapids’ downtown skywalk system, providing connected access within the central business district. An onsite parking ramp is planned to reopen in 2025, with tenant parking arrangements to be negotiated as part of the lease.
The property is integrated with Cedar Rapids’ downtown skywalk system, providing connected access within the central business district. An onsite parking ramp is planned to reopen in 2025, with tenant parking arrangements to be negotiated as part of the lease.
Key Highlights
- 179,079‑square‑foot office property
- Multiple office suite sizes available
- Updated modern office suite finishes
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.74 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,508
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 - Multiple suite sizes are available within a professionally managed downtown office property.
Where is this office units located?
The property is located at 215 3RD Avenue Unit 501 Cedar Rapids, IA.
What are key features of this property?
This property features: 179,079‑square‑foot office property; Multiple office suite sizes available; Updated modern office suite finishes
