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Warehouse with Finished Office Space
For Lease
$6 SF/Yr

2055 N Towne Ln NE #A, Cedar Rapids, IA 52402

Lt Industrial zoning and temperature-control features support warehouse operations, with separation planned from the existing tenant.

Space Size19,382 SF
Days on Market543

Property Features for 2055 N Towne Ln NE #A

General Information

Standard status Active
Size 19,382 SF
Net Rentable 19,382 SF
Zoning Lt Industrial

Space & Availability

Available Space 19,382 SF
Contiguous Space 19,382 SF
Space Use Warehouse

Warehouse & Industrial

Clear Height 20 ft
Warehouse Space 17,782 SF
Office Build-Out 1,600 SF
Dock-High Doors 3
Sprinkler System Yes
Cold Storage Yes

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $19,344

Building Details

Year Built 1965
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Angie Glick
Source: Kalonarealty
Added: May 1, 2025 Changed: Oct 24 Last Checked: Oct 24 at 3:09PM

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.

The 19,382-square-foot space includes 17,782 square feet of warehouse and 1,600 square feet of finished lower-level office area. Warehouse features include three dock doors and 20-foot clear sidewall height. Plumbing, electrical, fire suppression, and motion-sensor LED lighting are new throughout. The office has updated restrooms, fresh paint, and new trim.

Walk-in coolers remain on site, and the chiller system may be reinstalled for cold storage. Before possession, the landlord will add a demising wall, fencing, or both to fully separate the available space from the existing tenant. The property is zoned Lt Industrial and was built in 1965.

Key Highlights

  • 19,382 SF available: 17,782 SF warehouse and 1,600 SF finished lower‑level office
  • Three dock doors and 20‑foot clear sidewall height
  • New plumbing, electrical, fire suppression, and motion‑sensor LED lighting

Property Analytics

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Current Use

R.S. Hanline & Co. Agricultural Supply

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Plumbing Service

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

20 ft
Clear height
3
Dock-high doors
Yes
Sprinkler system
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Cedar Rapids, IA

$8.54 /SF/Yr
Avg Asking Price
$6–$12 /SF/Yr
Price Range
87,720 SF
Avg Space Size

This space is priced 30% below the average of $8.54 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • That's STORbiz! — 1425 60th st ne, cedar rapids, ia 52402
  • That's STORbiz! Self Storage — 1425 60th St NE, Cedar Rapids, IA 52402
  • A 1 Storage — 502 N Center Point Rd, Hiawatha, IA 52233
  • Another Room Storage — 404 N Center Point Rd, Hiawatha, IA 52233

Frequently Asked Questions

What type of property is this?
Warehouse - Lt Industrial zoning and temperature-control features support warehouse operations, with separation planned from the existing tenant.
Where is this warehouse located?
The property is located at 2055 N Towne Ln NE #A Cedar Rapids, IA.
What is the lease rate?
The lease rate is $6 SF/Yr.
What are key features of this property?
This property features: 19,382 SF available: 17,782 SF warehouse and 1,600 SF finished lower‑level office; Three dock doors and 20‑foot clear sidewall height; New plumbing, electrical, fire suppression, and motion‑sensor LED lighting
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