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Downtown Cedar Rapids Retail/Office Space
For Lease
$10 SF/Yr

200 1st Avenue Northeast, Cedar Rapids, IA 52401

First floor space in historic 12-story building.

Space Size1,349 SF - 5,254 SF
Days on Market137

Property Features for 200 1st Avenue Northeast

General Information

Standard status Active
Size 1,349 SF - 5,254 SF
Property subtype Retail

Spaces For Lease

at 200 1st Avenue Northeast Contact us

Suite 110

Size
2,387 SF
Type
Retail
Availability
Available
Corner suite ideal for coffee or bar tavern use
Contact us

Suite 122

Size
2,745 SF
Type
Retail
Availability
Available
Former restaurant
Contact us

Suite 120

Size
2,904 SF
Type
Office
Availability
Available
Interior shell space ideal for photographer, studio, or creative space
Contact us

Suite 115

Size
5,254 SF
Type
Retail
Availability
Available
former restaurant
Contact us

Suite 124

Size
1,349 SF
Type
Retail
Availability
Available
Contact us
Listing Agency: CBRE
Listed By: Bill Wright · License #F03815000
Source: Cbre
Added: Apr 15 Changed: Aug 25 Last Checked: Aug 29 at 6:39AM

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 CBRE

Investment Insights

Based on property information with market context.

Available space is located on the first floor of The Roosevelt, a 12-story building in Downtown Cedar Rapids. The building, originally constructed in 1927, underwent a historic rehabilitation completed in 2010. The Roosevelt includes 93 multi-family units. The space is suitable for office, retail, or restaurant use. On-street metered parking is available, and there is an adjacent parking ramp. The property offers close proximity and access to Interstate 380. It features corner exposure at the intersection of 2nd Street NE and 1st Avenue East in Downtown Cedar Rapids. The property size is 14639 square feet.

Key Highlights

  • Prime Downtown Cedar Rapids location at the corner of 2nd Street NE and 1st Avenue East.
  • Suitable for office, retail, or restaurant use.
  • Close proximity and access to Interstate 380.

Property Analytics

Current Use

Retail space

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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,914
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

$17.59 /SF/Yr
Avg Asking Price
$10–$33 /SF/Yr
Price Range
34,197 SF
Avg Space Size

This space is priced 43% below the average of $17.59 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - First floor space in historic 12-story building.
Where is this retail space located?
The property is located at 200 1st Avenue Northeast Cedar Rapids, IA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Prime Downtown Cedar Rapids location at the corner of 2nd Street NE and 1st Avenue East.; Suitable for office, retail, or restaurant use.; Close proximity and access to Interstate 380.
More about this property
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