Flex Space with Overhead
For Lease
$2,200/Mo Modified Gross
1390 SE 3rd Street, Cedar Rapids, IA 50401
A separate entrance, service bay, and in-floor heating support flexible commercial use.
Space SizeContact for details
Days on Market447
Property Features for 1390 SE 3rd Street
General Information
Standard status
Active
Zoning
U-NG
Lease Type
Modified Gross
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$3,101
Amenities
separate entrance
overhead door
bay service station
in-floor heat
ample parking
Zero Step Entry
Building Details
Year Built
1935
Listing Agency:
Q4 Real Estate
(319) 294-3339
Listed By:
Craig Byers · License #S61123000
(319) 360-7017
Source:
Kalonarealty
Added: Aug 5, 2025
Changed: Oct 24
Last Checked: Oct 24 at 2:57PM
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 Q4 Real Estate
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Investment Insights
Based on property information with market context.
Built in 1935, this remodeled historic flex property has a separate entrance, one overhead door, a bay service station, and in-floor heat. Office, workspace, and retail uses are identified for the space, which is zoned U-NG and offered on a modified gross lease.
The property occupies a corner lot in Cedar Rapids’ New Bohemian Main Street District, at 16th Avenue and 3rd Street SE. Ample parking is available.
The property occupies a corner lot in Cedar Rapids’ New Bohemian Main Street District, at 16th Avenue and 3rd Street SE. Ample parking is available.
Key Highlights
- One overhead door and a bay service station
- Separate entrance and in‑floor heat
- U‑NG zoning; modified gross lease
Property Analytics
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Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
2,182
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50401, IA
28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value
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Market
Lease Benchmarks for Cedar Rapids, IA
$8.35 /SF/Yr
Avg Asking Price
$6–$10 /SF/Yr
Price Range
31,698 SF
Avg Space Size
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Winifred's Catering — 925 2nd St SE, Cedar Rapids, IA 52401
- Embassy Catering — 925 2nd St SE, Cedar Rapids, IA 52401
Frequently Asked Questions
What type of property is this?
Flex space - A separate entrance, service bay, and in-floor heating support flexible commercial use.
Where is this flex space located?
The property is located at 1390 SE 3rd Street Cedar Rapids, IA.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: One overhead door and a bay service station; Separate entrance and in‑floor heat; U‑NG zoning; modified gross lease
