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Class B Office Suites with Parking

350 3rd Ave SW, Cedar Rapids, IA 52404

For Lease
$419,000

Redeveloped Class B office suites offer private entrances, private restrooms, and on-site plus on-street parking.

Space SizeContact for details
Days on Market130

Property Features for 350 3rd Ave SW

General Information

Standard status Active
Class B
Lease Type Gross

Units

Multifamily Units 1
Office Units 2

Amenities

on-site parking
on-street parking
city lot across the street

Building Details

Year Built 1892
Tenancy Multi
Listing Agency: SKOGMAN REALTY COMMERCIAL
Listed By: Brian Rosteck · License IA B59904000
Source: Kwlegacyrealty
Added: Jul 4 Changed: Oct 26 Last Checked: Oct 7 at 2:03PM

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 SKOGMAN REALTY COMMERCIAL

Rey
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Investment Insights

Based on property information with market context.

This redeveloped office property offers multiple Class B suites with private entrances and private restrooms. Suite 101 provides 2,400 SF, Suite 102 provides 1,500 SF, and Suite 100 is available as a combination of Suites 101 and 102. Suite 102 also includes a kitchenette. The property is offered for lease with the option to structure terms as a gross lease, with utilities included in the stated pass-through rate (except phone and internet).

The property is described as having a great SW side location, with on-site parking and on-street parking, plus a city lot across the street. Public remarks note proximity to Kingston and its dining and entertainment options.

The available configurations include separate suite space or an option to combine for a larger footprint, with suite-level amenities designed around privacy and convenience.

Key Highlights

  • Redeveloped Class B office suites with private entrances and private restrooms
  • Suite 101 offers 2,400 SF of Class B office space with its own private entrance and restrooms
  • Suite 102 offers 1,500 SF of Class B office space with private entrance, private restrooms, and a kitchenette

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Watersmith Engineering Engineering Consultant New American Funding Loan Service New American Funding ... Loan Service Structural Design Group ... Structural Engineer New American Funding ... Loan Service

Suggested Use

Top Pick Dental Office Auto Parts Store Storage Facility Barber Shop Locksmith (Bike/Boat/Book/etc) Store

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

2
Office units
1
Residential units
Multi-tenant
Tenancy
Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,731
Businesses Nearby

Demographics for 52404, IA

43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
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

$12.75 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
34,598 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Cedar Rapids, IA

$13.65 Jul
$14.12 Aug
$13.1 Sep
$13.17 Oct

Properties on Market for Office Units in Cedar Rapids

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Redeveloped Class B office suites offer private entrances, private restrooms, and on-site plus on-street parking.
Where is this office unit located?
The property is located at 350 3rd Ave SW Cedar Rapids, IA.
What is the lease rate?
The lease rate is $419,000.
What are key features of this property?
This property features: Redeveloped Class B office suites with private entrances and private restrooms; Suite 101 offers 2,400 SF of Class B office space with its own private entrance and restrooms; Suite 102 offers 1,500 SF of Class B office space with private entrance, private restrooms, and a kitchenette
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