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Office Building with Drive-Through
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320 3rd Street SE, Cedar Rapids, IA 52401

Commercial, Cedar Rapids, IA

Property Size19,200 SF
Lot Size0.46 Acres
Days on Market218

Property Features for 320 3rd Street SE

General Information

Property type Commercial Sale
Property subtype Office
Zoning Comm
Rooms Basement
Directions 3rd St SE between 3rd & 4th Ave.
Subdivision SE Quadrant
Standard status Active
APN 142812700500000
Size 19,200 SF
Lot size 0.46 Acres

Taxes and HOA fees

Tax Description O T SW 54' LOT 8 & (LESS SW 27' SE 52') LOT 9 & (LESS SE 52') STR/LB 10 26
Tax Annual Amount 34350
Legal Description O T SW 54' LOT 8 & (LESS SW 27' SE 52') LOT 9 & (LESS SE 52') STR/LB 10 26

Amenities

drive-thru
conference room
breakroom with kitchen

Building Details

Year built 1940
Flooring type Carpet
Building materials Pre Eng Steel
Listing Agency: PRK Williams Realty
Listed By: Kevin Heinbuch · License #B39237
Added: Jan 23 Changed: Aug 19 Last Checked: Aug 29 at 8:06PM
MLS# 2600637

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 19,200-square-foot office building at 320 3rd Street SE includes a drive-through and on-site parking within downtown Cedar Rapids. The property was built in 1940 and features pre-engineered steel construction with carpeted flooring.

The second floor provides 12 private offices, a conference room, open work areas, a breakroom with kitchen, and two restrooms. Furnishings are included, providing an established office environment with a mix of private and collaborative workspace. The property occupies 0.456 acres and is located in Cedar Rapids’ 52401 ZIP code.

Key Highlights

  • 19,200‑square‑foot office building on 0.456 acres
  • Drive‑through and on‑site parking in downtown Cedar Rapids
  • Second floor includes 12 private offices and a conference room

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.

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

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 - Downtown office property with furnished work areas, private offices, conference space, kitchen, and restrooms.
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: 19,200‑square‑foot office building on 0.456 acres; Drive‑through and on‑site parking in downtown Cedar Rapids; Second floor includes 12 private offices and a conference room
More about this property
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