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Furnished Office Building with Drive-Thru
For Lease
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320 3RD Street SE, Cedar Rapids, IA 52401

Furnished, multi-level commercial space includes private offices, conference rooms, kitchens, and on-site parking.

Space SizeContact for details
Days on Market403

Property Features for 320 3RD Street SE

General Information

Standard status Active
Total Parking Spaces 37
Lease Term []

Space & Availability

Divisible Yes
Space Use Office
Condition Turnkey
Sublease No
Private Offices 22
Meeting Rooms 3
Furnished Yes

Amenities

drive-thru
vault
safety deposit box vault
breakroom with kitchen
storage space

Building Details

Year Built 1940
Stories 2
Listing Agency: PRK Williams Realty
Listed By: Kevin Heinbuch · License #B39237
Source: Cbhrealty
Added: Jul 24, 2025 Changed: Aug 29 Last Checked: Aug 26 at 1:03PM

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 PRK Williams Realty

Investment Insights

Based on property information with market context.

This furnished office property in downtown Cedar Rapids offers two floors of professional workspace plus a substantial basement area. The first floor includes a drive-up window, teller counters, vaults, a safety deposit box vault, 10 private offices, a large conference room, open work areas, a kitchen-equipped breakroom, and two suite restrooms. The second floor adds 12 private offices, another conference room, open workspace, a kitchen-equipped breakroom, and two suite restrooms.

Approximately 4,800 sf of basement space provides storage, two restrooms, a large vault, and a recently refinished oversized conference room. Up to 37 on-site parking spaces are available for lease. The entire building may be leased together, with individual-floor leasing also available. The property was built in 1940 and carries Comm zoning.

Key Highlights

  • Drive‑thru window with teller counters and vaults
  • 10 private offices and a large conference room on the first floor
  • 12 private offices and an additional conference room on the second floor

Property Analytics

Current Use

320 3rd St ... Parking Lot & Garage Dubuque Bank & Trust, ... Bank Cedar Rapids Psychic Spiritual Center Jennessey Group Business Broker Liberty Bank Bank

Suggested Use

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

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

Market

Lease Benchmarks for Cedar Rapids, IA

$13.75 /SF/Yr
Avg Asking Price
$10–$17 /SF/Yr
Price Range
56,882 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 building - Furnished, multi-level commercial space includes private offices, conference rooms, kitchens, and on-site parking.
Where is this office building located?
The property is located at 320 3RD Street SE Cedar Rapids, IA.
What are key features of this property?
This property features: Drive‑thru window with teller counters and vaults; 10 private offices and a large conference room on the first floor; 12 private offices and an additional conference room on the second floor
More about this property
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