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Build-to-Suit Flex Space

1470 Ketelsen Dr, Cedar Rapids, IA 52233

For Lease
$9 SF/Yr NNN

C-4-zoned space combines warehouse functionality with dock and ground-level loading access under an NNN lease structure.

Space SizeContact for details
Days on Market1972

Property Features for 1470 Ketelsen Dr

General Information

Standard status Active
Property subtype Com Lease
Zoning C-4
Lease Type NNN

Amenities

ReinforcedConcrete
5.58
CountyRoad,Paved

Building Details

Year Built 2021
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Adam Gibbs · License IA B43857000
Source: Pinnaclerealtyia
Added: Jun 17, 2021 Changed: Nov 8 Last Checked: Nov 8 at 4:24AM

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

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 2021 flex-space project at 1470 Ketelsen Drive B in Hiawatha, Iowa, is planned for build-to-suit warehouse and flex use. Available area ranges from 10, 000 -30, 000 SF, with an ESFR sprinkler system, 25′ sidewall height, and ample power. The configuration includes both dock-height and ground-level doors for loading access.

The property is zoned C-4 and offers NNN lease structures for the warehouse and office or retail components. Additional tenant-required improvements may be amortized over the lease term by the owner. The site is located in Hiawatha, Iowa 52233.

Key Highlights

  • 10, 000 -30, 000 SF available
  • 2021 build‑to‑suit flex‑space project
  • ESFR sprinkler system and 25′ sidewall height

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Nail Salon Restaurant HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Bakery

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

333
Businesses Nearby
Well-served
Demand for This Use

Demographics for 52233, IA

7,091
Population
3,123
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
1,818
Density / Sq Mi
$66,497
Median Household Income
$44,111
Median Earnings
$846
Median Rent
$200,500
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$8.7 /SF/Yr
Avg Asking Price
$6–$11 /SF/Yr
Price Range
29,890 SF
Avg Space Size

This space is priced 3% above the average of $8.7 /SF/Yr.

Average Price Trend$/SF/Yr for Flex space in Cedar Rapids, IA

$9.71 Jul
$8.8 Aug
$8.75 Sep
$8.7 Oct

Properties on Market for Flex space in Cedar Rapids

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Flex space - C-4-zoned space combines warehouse functionality with dock and ground-level loading access under an NNN lease structure.
Where is this flex space located?
The property is located at 1470 Ketelsen Dr 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: 10, 000 -30, 000 SF available; 2021 build‑to‑suit flex‑space project; ESFR sprinkler system and 25′ sidewall height
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Includes: Price & PSF · Cap rate · Location · Zoning

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