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Vanilla Box Retail-Office Suite
For Lease
$21 SF/Yr

151 SW 1st Avenue, Cedar Rapids, IA 52404

Lease retail or office space within a downtown master-planned Kingston Yard development with onsite parking structure.

Space SizeContact for details
Days on Market430

Property Features for 151 SW 1st Avenue

General Information

Standard status Active
Property subtype Com Lease
Zoning U-DC

Amenities

ConcreteSlabGrade
Irregular
7.7
CountyRoad

Building Details

Year Built 2024
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Angie Buck
Source: Pinnaclerealtyia
Added: Jun 13, 2025 Changed: Aug 16 Last Checked: Aug 16 at 3:39AM

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

Investment Insights

Based on property information with market context.

Kingston Yard offers a flexible retail/office suite delivered by the landlord as a vanilla box. Lease space buildout specifications are available through the listing agent, and tenants should plan for layout customization to match their operating needs. For qualifying deals, a construction special lease rate schedule and tenant improvement allowance are available for retail and office space.

Located in downtown Cedar Rapids within the Kingston Village District, Kingston Yard is a mixed-use, destination-style master-planned development. The project’s amenities are designed to attract hundreds of thousands of visitors to the area each year, supporting an environment intended for ongoing activity year-round. Permanent parking structure access is available onsite.

This offering is best suited for operators seeking a new-in-the-box retail or office location that can be built out to specific requirements, whether the plan is customer-facing retail or a professional office use. Prospective tenants should contact the listing agent for buildout details and review the applicable lease terms, including that the base rate is subject to annual increases. Parking is available onsite via the permanent parking structure.

Key Highlights

  • 7.7‑acre Kingston Yard mixed‑use, destination‑style master‑planned development in downtown Cedar Rapids (Kingston Village District).
  • Retail or office lease space offered as a landlord delivery “vanilla box.”
  • Landlord offers a construction special lease rate schedule and tenant improvement allowance for retail and office (see marketing flyer).

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Barber Shop Locksmith

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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby

Demographics for 52404, IA

43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$14.13 /SF/Yr
Avg Asking Price
$6–$25 /SF/Yr
Price Range
41,999 SF
Avg Space Size

This space is priced 49% above the average of $14.13 /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
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Frequently Asked Questions

What type of property is this?
Office units - Lease retail or office space within a downtown master-planned Kingston Yard development with onsite parking structure.
Where is this office units located?
The property is located at 151 SW 1st Avenue Cedar Rapids, IA.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 7.7‑acre Kingston Yard mixed‑use, destination‑style master‑planned development in downtown Cedar Rapids (Kingston Village District).; Retail or office lease space offered as a landlord delivery “vanilla box.”; Landlord offers a construction special lease rate schedule and tenant improvement allowance for retail and office (see marketing flyer).
More about this property
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