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Grocery-Anchored Retail Center Suites
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3611 1st Avenue Se 2, Cedar Rapids, IA 52401

Leasing options within a grocery-and-value retail center on a heavily traveled corridor.

Space SizeContact for details
Days on Market81

Property Features for 3611 1st Avenue Se 2

General Information

Standard status Active
Property subtype Commercial
Zoning S-MC

Building Details

Year Built 1956
Stories 1
Listing Agency: Q4 Real Estate
Listed By: Craig Byers · License #S61123000
Source: Q4realestate
Added: Jun 30 Changed: Sep 18 Last Checked: Sep 18 at 3:55AM

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 Q4 Real Estate

Investment Insights

Based on property information with market context.

This retail shopping center features a walkable design concept and is anchored by Fareway Grocery and Dollar Tree. Multiple lease sizes and configurations are available, including Suites 23 and 24. Suite 23 is offered at $1,200 gross per month plus utilities, and Suite 24 is offered at $500 gross per month plus utilities.

The center is located on heavily traveled 1st Avenue in southeast Cedar Rapids, with convenient access to nearby retail and employment destinations. Town & Country also benefits from proximity to the Collins Road/1st Avenue retail hub, downtown Cedar Rapids, New Bohemia (NewBo) Main Street District, and the I-380 north and south ramps.

These available suites make for practical space for retailers and service users seeking a tenant mix that includes a grocery anchor and a discount value anchor. With multiple configurations available, the center can accommodate a range of operational needs while providing straightforward leasing terms structured as gross rent plus utilities for the listed suites.

Key Highlights

  • 1‑story retail space in a grocery‑and‑value retail center on heavily traveled 1st Avenue in southeast Cedar Rapids
  • Leasing: Suite 23 is $1,200 gross per month plus utilities; Suite 24 is $500 gross per month plus utilities
  • Public remarks indicate multiple suite sizes and configurations are available for lease

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage Law Firm HVAC Service (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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,914
Businesses Nearby
Under-served
Demand for This Use

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
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Market

Lease Benchmarks for Cedar Rapids, IA

$15 /SF/Yr
Avg Asking Price
$7–$21 /SF/Yr
Price Range
28,737 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Plaza Tom Aller Way, Cedar Rapids, IA 52401

Frequently Asked Questions

What type of property is this?
Shopping center - Leasing options within a grocery-and-value retail center on a heavily traveled corridor.
Where is this shopping center located?
The property is located at 3611 1st Avenue Se 2 Cedar Rapids, IA.
What are key features of this property?
This property features: 1‑story retail space in a grocery‑and‑value retail center on heavily traveled 1st Avenue in southeast Cedar Rapids; Leasing: Suite 23 is $1,200 gross per month plus utilities; Suite 24 is $500 gross per month plus utilities; Public remarks indicate multiple suite sizes and configurations are available for lease
More about this property
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