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Open-Concept Office Unit
For Lease
$12.50 SF/Yr

3223 1st Ave SE, Cedar Rapids, IA 52402

Office and showroom configuration with dedicated parking, flexible workspace, private offices, storage, and support areas.

Space Size4,085 SF
Days on Market150

Property Features for 3223 1st Ave SE

General Information

Standard status Active
Size 4,085 SF
Class A
Property subtype Office - General Office

Space & Availability

Private Offices 1
Meeting Rooms 1

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 4,085 SF
Year Built 1920

Spaces For Lease

at 3223 1st Ave SE Contact us

Available Space $12.50/SF/Yr

Size
4,085 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: GLD Commercial
Listed By: Erica Seelman, SIOR
Source: Commercialcafe
Added: Apr 3 Changed: Aug 30 Last Checked: Aug 30 at 8:20AM

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 GLD Commercial

Investment Insights

Based on property information with market context.

This office unit occupies a building constructed in 1920 and is configured for office and showroom use. The interior combines open workspace with a private office, several storage rooms, a conference room, break room, and separate men’s and women’s restrooms. A dedicated rear parking lot serves the building, and the property includes approximately 90 feet of frontage along 1st Avenue.

The site is positioned on 1st Avenue with access to I-380 and Hwy 100. Traffic in front of the property is nearly 20,000 VPD. The existing layout supports office operations and showroom presentation, while the property information also identifies potential for a drive-through serving a retail user.

Key Highlights

  • Approximately 90 feet of frontage on 1st Avenue
  • Nearly 20,000 VPD in front of the property
  • Rear parking lot provides dedicated on‑site parking

Property Analytics

Current Use

2pifi Corporate Office

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Restaurant Nail Salon Hair 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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$13.85 /SF/Yr
Avg Asking Price
$8–$25 /SF/Yr
Price Range
35,222 SF
Avg Space Size

This space is priced 10% below the average of $13.85 /SF/Yr.

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 - Office and showroom configuration with dedicated parking, flexible workspace, private offices, storage, and support areas.
Where is this office units located?
The property is located at 3223 1st Ave SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
What are key features of this property?
This property features: Approximately 90 feet of frontage on 1st Avenue; Nearly 20,000 VPD in front of the property; Rear parking lot provides dedicated on‑site parking
More about this property
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