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Office Suites in Historic Building
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207-118 3rd Ave Se, Cedar Rapids, IA 52404

Modified-gross leasing is available, with desktop electricity charged separately.

Space Size208 SF - 2,025 SF
Days on Market13

Property Features for 207-118 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 16 Last Checked: Oct 19 at 11:27AM

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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Office suites are offered in the historic Higley Building in downtown Cedar Rapids. Available spaces range from approximately 208 SF to 2,025 SF, accommodating a range of office requirements within the building’s 57,552 SF footprint.

The modified-gross lease structure includes desktop electricity as an additional cost. Building ownership can help tenants arrange employee parking.

Key Highlights

  • Office suites range from approximately 208 SF to 2,025 SF
  • 57,552 SF building in downtown Cedar Rapids
  • Modified‑gross lease; desktop electricity is an additional cost

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Barber Shop Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,946
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

$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 - Modified-gross leasing is available, with desktop electricity charged separately.
Where is this office unit located?
The property is located at 207-118 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; 57,552 SF building in downtown Cedar Rapids; Modified‑gross lease; desktop electricity is an additional cost
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