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Turnkey Furnished Office Building with Drive-Through
For Lease
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320 3rd Street Se 2nd Floor, Cedar Rapids, IA 52401

Fully furnished office building for lease with drive-through access and on-site parking in downtown Cedar Rapids.

Space SizeContact for details
Property Size19,200 SF
Days on Market11

Property Features for 320 3rd Street Se 2nd Floor

General Information

Standard status Active
Size 19,200 SF
Total Parking Spaces 12

Space & Availability

Divisible Yes
Space Use Office
Condition Turnkey
Private Offices 12
Meeting Rooms 1
Furnished Yes

Amenities

drive-thru
breakroom with kitchen

Building Details

Year Built 1940
Listing Agency: PRK Williams Realty
Listed By: Kevin Heinbuch · License #B39237
Source: Kwlegacyrealty
Added: Jul 29 Changed: Jul 31 Last Checked: Aug 8 at 8:09AM

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.

Turnkey, fully furnished office building for lease in downtown Cedar Rapids, featuring drive-through service and on-site parking. Built in 1940, the property totals 19,200 SF and is offered with the entire building available for lease, with the option to lease individual floors.

The second floor is configured for professional and administrative use, with 12 private offices, a conference room, open work areas, and a breakroom with a kitchen. Two restrooms are also located on the second floor. The space is set up for immediate occupancy for office users that value a downtown presence.

Up to 12 on-site parking spaces are available for lease. The configuration supports a range of office operations requiring both private offices and collaborative work areas, while retaining convenient on-site parking for occupants and visitors.

Key Highlights

  • 19,200 SF office building built in 1940
  • Drive‑through access with on‑site parking
  • Second floor layout: 12 private offices

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

$11.79 /SF/Yr
Avg Asking Price
$9.95–$16 /SF/Yr
Price Range
53,494 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 - Fully furnished office building for lease with drive-through access and on-site parking in downtown Cedar Rapids.
Where is this office building located?
The property is located at 320 3rd Street Se 2nd Floor Cedar Rapids, IA.
What are key features of this property?
This property features: 19,200 SF office building built in 1940; Drive‑through access with on‑site parking; Second floor layout: 12 private offices
More about this property
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