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Office Suite with Open Workspace
For Lease
$9 SF/Yr

222 2nd Street SE, Cedar Rapids, IA 52401

Five offices share the suite with an open work area and common restroom and breakroom facilities.

Space SizeContact for details
Days on Market952

Property Features for 222 2nd Street SE

General Information

Standard status Active
Zoning Urban Downtown Core

Space & Availability

Floor First Floor
Space Use Office
Private Offices 5

Additional Details

Utilities Included in Rent water, gas

Amenities

shared restroom
shared breakroom

Building Details

Year Built 1910
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Adam Gibbs · License #B43857000
Source: Kalonarealty
Added: Mar 18, 2024 Changed: Oct 24 Last Checked: Oct 24 at 2:51PM

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 Real Estate Advisors

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Investment Insights

Based on property information with market context.

This first-floor office suite in downtown Cedar Rapids has five individual offices and an open work area. A shared restroom and breakroom serve the space. The building was constructed in 1910, and its zoning is Urban Downtown Core.

Water and gas are included in rent, while the tenant pays the electrical utility charge. The landlord is open to making improvements, subject to the tenant and agreed lease terms.

Key Highlights

  • Five offices plus an open work area
  • Shared restroom and breakroom
  • First‑floor space in downtown Cedar Rapids

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Barber Shop Locksmith (Bike/Boat/Book/etc) Store Tanning Salon

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
$1.35 /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

$12.43 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,313 SF
Avg Space Size

This space is priced 28% below the average of $12.43 /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

Frequently Asked Questions

What type of property is this?
Office unit - Five offices share the suite with an open work area and common restroom and breakroom facilities.
Where is this office unit located?
The property is located at 222 2nd Street SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Five offices plus an open work area; Shared restroom and breakroom; First‑floor space in downtown Cedar Rapids
More about this property
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