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Downtown Office Suite

3-506 W 1st St, Cedar Falls, IA 50613

For Lease
$1,600/Mo

Office suite with four private offices and an efficient layout, located along W. 1st Street in downtown Cedar Falls.

Space SizeContact for details
Days on Market120

Property Features for 3-506 W 1st St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $17,660
Listing Agency: Lockard Realty Company
Listed By: Lindsey McEnaney · License IA S70812000
Source: Exprealty
Added: Jul 13 Changed: Nov 1 Last Checked: Nov 8 at 8:05AM

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 Lockard Realty Company

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Investment Insights

Based on property information with market context.

This downtown office suite is designed for professional work, with four private offices that support focused, separate workspaces. The layout is efficient, creating privacy for individual offices while maintaining a comfortable, workable environment.

The suite is situated along W. 1st Street, providing convenient access to restaurants, retail, and other amenities in downtown Cedar Falls.

For tenants seeking a functional office configuration with multiple enclosed rooms, this suite offers a practical arrangement within a centrally located setting.

Key Highlights

  • Office suite featuring four private offices for focused work and client‑ready space
  • Efficient layout designed to balance privacy and an open, functional flow
  • Located along W. 1st Street in downtown Cedar Falls

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Parts Store Auto Repair Shop Storage Facility HVAC Service

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

Location Intelligence

Trade Area within ½ mile

814
Businesses Nearby

Demographics for 50613, IA

43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value

Market

Lease Benchmarks for Cedar Falls, IA

$12.57 /SF/Yr
Avg Asking Price
$3–$21 /SF/Yr
Price Range
12,324 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Cedar Falls, IA

$12.36 Jul
$14.04 Aug
$14.04 Sep
$11.68 Oct

Properties on Market for Office Units in Cedar Falls

Jul
Aug
Sep
Oct

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 - Office suite with four private offices and an efficient layout, located along W. 1st Street in downtown Cedar Falls.
Where is this office unit located?
The property is located at 3-506 W 1st St Cedar Falls, IA.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: Office suite featuring four private offices for focused work and client‑ready space; Efficient layout designed to balance privacy and an open, functional flow; Located along W. 1st Street in downtown Cedar Falls
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