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Endcap Retail Suite
For Lease
$15 SF/Yr

5001 1st Ave SE #102, Cedar Rapids, IA 52402

Commercial-zoned space at First City Square is less than a mile from Lindale Mall.

Space SizeContact for details
Days on Market1173

Property Features for 5001 1st Ave SE #102

General Information

Standard status Active
Zoning Commercial

Additional Details

End Cap Yes

Taxes and HOA fees

Annual Taxes $74,282

Building Details

Year Built 2003
Listing Agency: Ambrose & Associates, REALTORS
Listed By: Gerry Ambrose
Source: Kalonarealty
Added: Aug 10, 2023 Changed: Oct 24 Last Checked: Oct 24 at 2:37PM

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 Ambrose & Associates, REALTORS

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This end-cap retail space is part of First City Square in Cedar Rapids. The property was built in 2003 and has Commercial zoning.

The site is just off 1st Avenue (US Business 151), a route with 25,000+ cars each day. It lies between Collins Road and Blairs Ferry Road, where traffic is 21,000+ cars each day. Lindale Mall is less than a mile away, and surrounding businesses include Starbucks, PetSmart, Taco Bell, and Granite City Food & Brewery.

Key Highlights

  • End‑cap retail space in First City Square
  • Less than one mile from Lindale Mall
  • Off 1st Avenue (US Business 151), with 25,000+ cars each day

Property Analytics

Current Use

Gaspar Trucking LLC Trucking Company Repour Wine Saver (Bike/Boat/Book/etc) Store Blaze Color Salon Hair Salon The Health Spa by ... Alternative Medicine Practice La Chamba Restaurant

Suggested Use

Top Pick Law Firm Pharmacy Plumbing Service Grocery & Convenience Store Bakery (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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,010
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$16.48 /SF/Yr
Avg Asking Price
$9–$21 /SF/Yr
Price Range
47,515 SF
Avg Space Size

This space is priced 9% below the average of $16.48 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Retail space - Commercial-zoned space at First City Square is less than a mile from Lindale Mall.
Where is this retail space located?
The property is located at 5001 1st Ave SE #102 Cedar Rapids, IA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: End‑cap retail space in First City Square; Less than one mile from Lindale Mall; Off 1st Avenue (US Business 151), with 25,000+ cars each day
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