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Flex Building with Dock and Overhead Doors
For Lease
$8 SF/Yr

280 Prospect Pl SW, Cedar Rapids, IA 52404

A separate industrial facility offers a mix of office, showroom, and warehouse space, with direct access to I-380 and 33rd Ave SW.

Space Size5,400 SF
Days on Market550

Property Features for 280 Prospect Pl SW

General Information

Standard status Active
Size 5,400 SF
Net Rentable 5,400 SF
Zoning Trad Ind Mixed Use

Space & Availability

Available Space 5,400 SF
Contiguous Space 5,400 SF
Space Use Warehouse
Sublease Yes

Site & Location

Highway Access Yes
Road Access Yes

Warehouse & Industrial

Warehouse Space 3,900 SF
Office Build-Out 1,500 SF
Dock-High Doors 1

Taxes and HOA fees

Annual Taxes $5,298

Amenities

dock door
overhead door

Building Details

Year Built 1977
Building Size 5,400 SF
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Adam Gibbs · License #B43857000
Source: Kalonarealty
Added: Apr 24, 2025 Changed: Oct 24 Last Checked: Oct 24 at 3:24PM

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

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Investment Insights

Based on property information with market context.

This standalone flex property contains 5,400 square feet, including 1,500 square feet of office and showroom area alongside 3,900 square feet of warehouse space. One dock door and one overhead door serve the warehouse. Built in 1977, the building is zoned Trad Ind Mixed Use.

The property sits just off I-380 and 33rd Ave SW in Cedar Rapids. The space is available through a sublease from the current tenant.

Key Highlights

  • 5,400 SF building with 1,500 SF of office/showroom and 3,900 SF of warehouse space
  • One dock door and one overhead door
  • Standalone industrial building built in 1977

Property Analytics

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Open Analytics

Current Use

Quest Engineering Building Supply

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Skin Care Clinic Garden Center Grocery & Convenience 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

1
Dock-high doors
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Cedar Rapids, IA

$8.35 /SF/Yr
Avg Asking Price
$6–$10 /SF/Yr
Price Range
31,698 SF
Avg Space Size

This space is priced 4% below the average of $8.35 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - A separate industrial facility offers a mix of office, showroom, and warehouse space, with direct access to I-380 and 33rd Ave SW.
Where is this flex space located?
The property is located at 280 Prospect Pl SW Cedar Rapids, IA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 5,400 SF building with 1,500 SF of office/showroom and 3,900 SF of warehouse space; One dock door and one overhead door; Standalone industrial building built in 1977
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