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Office Suites in Historic Higley Building
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206-118 3rd Ave Se, Cedar Rapids, IA 52401

Several office suites are offered on modified-gross terms, with desktop electricity as an additional charge.

Space Size208 SF - 2,025 SF
Days on Market13

Property Features for 206-118 3rd Ave Se

General Information

Standard status Active
Size 208 SF - 2,025 SF
Net Rentable 208 SF
Lease Type Modified Gross

Space & Availability

Available Space 208-2,025 SF
Space Use Office

Taxes and HOA fees

Annual Taxes $62,162
Listing Agency: SKOGMAN REALTY
Listed By: John Beardsworth · License #IA S68410000
Source: Exprealty
Added: Oct 7 Changed: Oct 17 Last Checked: Oct 19 at 11:40AM

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 SKOGMAN REALTY

Rey
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Investment Insights

Based on property information with market context.

The historic Higley Building in downtown Cedar Rapids offers office suites ranging from approximately 208 SF to 2,025 SF. Lease terms are modified gross, with desktop electricity charged separately.

The building is located in downtown Cedar Rapids. The landlord can help arrange employee parking for tenants.

Key Highlights

  • Office suites range from approximately 208 SF to 2,025 SF
  • Modified‑gross lease structure; desktop electricity is an additional charge
  • Located in the historic Higley Building in downtown Cedar Rapids

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Barber Shop Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store Tanning Salon

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

4,055
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

$12.5 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,498 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office unit - Several office suites are offered on modified-gross terms, with desktop electricity as an additional charge.
Where is this office unit located?
The property is located at 206-118 3rd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: Office suites range from approximately 208 SF to 2,025 SF; Modified‑gross lease structure; desktop electricity is an additional charge; Located in the historic Higley Building in downtown Cedar Rapids
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