Historic Office
For Lease
Contact for pricing
431-118 3rd Ave Se, Cedar Rapids, IA 52401
Modified-gross terms apply, with desktop electricity as an additional tenant cost.
Space Size208 SF - 2,025 SF
Days on Market17
Property Features for 431-118 3rd Ave Se
General Information
Standard status
Active
Size
208 SF - 2,025 SF
Net Rentable
208 SF
Lease Type
Modified Gross
Space & Availability
Available Space
208-2,025 SF
Space Use
Office
Taxes and HOA fees
Annual Taxes
$62,162
Listing Agency:
SKOGMAN REALTY
(319) 366-6427
Listed By:
John Beardsworth · License #IA S68410000
(319) 360-6615
Source:
Exprealty
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 21 at 2:09AM
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 SKOGMAN REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office suites are available in the historic Higley Building in downtown Cedar Rapids. Available spaces range from approximately 208 SF to 2,025 SF. The lease structure is modified gross, with desktop electricity charged separately.
Qualifying nonprofit organizations and startup businesses can receive a 50% rent reduction during the first lease year. Building ownership can help coordinate employee parking.
Qualifying nonprofit organizations and startup businesses can receive a 50% rent reduction during the first lease year. Building ownership can help coordinate employee parking.
Key Highlights
- Office suites range from approximately 208 SF to 2,025 SF
- Located in the historic Higley Building in downtown Cedar Rapids
- Modified‑gross lease; desktop electricity is an additional cost
Property Analytics
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
Explore this area
Business Placement
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
$12.43 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,313 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Modified-gross terms apply, with desktop electricity as an additional tenant cost.
Where is this office unit located?
The property is located at 431-118 3rd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: Office suites range from approximately 208 SF to 2,025 SF; Located in the historic Higley Building in downtown Cedar Rapids; Modified‑gross lease; desktop electricity is an additional cost
