Downtown Office/Classroom Space
For Lease
Contact for pricing
221 2nd Ave SE, Cedar Rapids, IA 52401
Office and classroom spaces for lease in downtown area.
Space Size4,000 SF - 12,000 SF
Property Size18,120 SF
Days on Market902
Property Features for 221 2nd Ave SE
General Information
Standard status
Active
Size
4,000 SF - 12,000 SF
Property subtype
Office
Lease Type
NNN
Building Details
Building Size
18,120 SF
Year Built
1880
Tenancy
Multiple
Spaces For Lease
at 221 2nd Ave SE Contact us- Size
- 4,000 SF
- Availability
- Active
Suite 210
- Size
- 12,000 SF
- Availability
- Active
Suite 300
Listing Agency:
GLD Commercial Real Estate Advisors
Listed By:
Adam Gibbs · License #IA B43857000
(319) 731-3415
Source:
Crexi
Added: Mar 21, 2024
Changed: Sep 7
Last Checked: Sep 8 at 8:02AM
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.
Office and classroom spaces are available for lease in a downtown location. Suite 210 offers 4,000 square feet of second-floor, open-concept office space, including two private offices. A large, shared break area and restrooms are located adjacent to the suite. Utilities are included in the base rent. The landlord is willing to improve the space, subject to a qualified tenant and lease terms. Suite 300 comprises 12,000 square feet of former University of Iowa classroom space, featuring four large classrooms, twelve private offices/breakout rooms, a small open workspace, and private restrooms. For Suite 300, the tenant is responsible for paying utilities directly to the provider.
Key Highlights
- Suite 210: Utilities included in base rent.
- Suite 210: Landlord willing to improve space for qualified tenant.
- Suite 210: 4,000 SF of open concept office space with two private offices.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
Explore this area
Business Placement
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
$13.87 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
43,451 SF
Avg Space Size
This space is priced 35% below the average of $13.87 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office and classroom spaces for lease in downtown area.
Where is this office units located?
The property is located at 221 2nd Ave SE 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: Suite 210: Utilities included in base rent.; Suite 210: Landlord willing to improve space for qualified tenant.; Suite 210: **4,000 SF of open concept office space with two private offices.**
