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First-Level Office Suite with Exterior Access
For Lease
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316 2ND Street SE Unit 130, Cedar Rapids, IA 52401

First-level office suite with exclusive interior restrooms and immediate exterior entry, connected to the downtown skywalk.

Space SizeContact for details
Days on Market943

Property Features for 316 2ND Street SE Unit 130

General Information

Standard status Active
Lease Term []

Building Details

Year Built 1991
Listing Agency: Cushman & Wakefield Iowa Commercial Advisors,
Listed By: Ryan Fitzpatrick
Source: Cbhrealty
Added: Mar 17, 2024 Changed: Oct 15 Last Checked: Oct 14 at 11:36PM

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 Cushman & Wakefield Iowa Commercial Advisors,

Investment Insights

Based on property information with market context.

Available for lease is a former retail suite on the first level, configured as an office suite with exclusive interior restrooms. The space provides immediate exterior access for arriving tenants and visitors, while remaining connected to the downtown skywalk system through Town Centre.

Town Centre is a professionally managed property in central downtown Cedar Rapids and offers multiple office suites in a range of sizes. The building connection to the skywalk supports convenient indoor access within the downtown core. Onsite parking is provided through a parking ramp that is planned to reopen in 2025, with tenant parking costs to be negotiated at the time of lease.

This suite can be a practical fit for professional users seeking a first-level location with direct street-level entry, private restroom access, and skywalk connectivity. The landlord is willing to amortize or provide a tenant improvement allowance for qualified tenants. Please contact the listing agent for additional information on terms and availability.

Key Highlights

  • First‑level retail/office suite with immediate exterior entry and exclusive interior restrooms
  • Connected to the downtown skywalk system
  • Heating and air conditioning available

Property Analytics

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Current Use

Elderkin & Pirnie, PLC: ... Law Firm Roemerman William H Law Firm

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Office units - First-level office suite with exclusive interior restrooms and immediate exterior entry, connected to the downtown skywalk.
Where is this office units located?
The property is located at 316 2ND Street SE Unit 130 Cedar Rapids, IA.
What are key features of this property?
This property features: First‑level retail/office suite with immediate exterior entry and exclusive interior restrooms; Connected to the downtown skywalk system; Heating and air conditioning available
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