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Mixed-Use Project with Retail Suites
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700-900 3rd St Se, Cedar Rapids, IA 52401

Flexible first-floor commercial suites are available within a mixed-use development with residential units and street frontage.

Space SizeContact for details
Days on Market514

Property Features for 700-900 3rd St Se

General Information

Standard status Active

Space & Availability

Floor 1
Space Use Restaurant

Additional Details

TI Allowance $10 /SF
End Cap Yes
Patio Yes

Amenities

outdoor patio
Listing Agency: GLD COMMERCIAL
Listed By: Adam Gibbs · License #B43857000
Source: Exprealty
Added: Apr 8, 2025 Changed: Sep 2 Last Checked: Sep 2 at 12:42AM

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.

Loftus is a 252,815-square-foot mixed-use project at 700-900 3rd St SE in Cedar Rapids. The commercial component includes flexible suite sizes on the first floor, providing adaptable space within a larger development. The south end-cap includes an outdoor patio, a notable feature for restaurant-oriented occupancy.

The property fronts 3rd St. SE in the NewBo neighborhood, with neighborhood amenities within walking distance. The development is planned to include 183 market-rate apartments, placing the commercial suites within a substantial residential project. Commercial occupants can evaluate space configurations based on their requirements and the available first-floor layouts.

Key Highlights

  • 252,815‑square‑foot mixed‑use project at 700‑900 3rd St SE, Cedar Rapids, IA 52401
  • Flexible commercial suite sizes available on the 1st floor
  • 3rd St. SE frontage in the NewBo neighborhood

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store HVAC Service Big Box & Wholesale Store Locksmith Barber Shop 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

Location Intelligence

Trade Area within ½ mile

3,464
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

$17.44 /SF/Yr
Avg Asking Price
$15–$21 /SF/Yr
Price Range
78,535 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Flexible first-floor commercial suites are available within a mixed-use development with residential units and street frontage.
Where is this mixed-use property located?
The property is located at 700-900 3rd St Se Cedar Rapids, IA.
What are key features of this property?
This property features: 252,815‑square‑foot mixed‑use project at 700‑900 3rd St SE, Cedar Rapids, IA 52401; Flexible commercial suite sizes available on the 1st floor; 3rd St. SE frontage in the NewBo neighborhood
More about this property
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