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Two-Story Office Building
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512 3rd Avenue SE, Cedar Rapids, IA 52401

Downtown office property with dedicated parking and an unfinished storage building.

Property Size16,800 SF
Days on Market143

Property Features for 512 3rd Avenue SE

General Information

Standard status Active
Size 16,800 SF
Total Parking Spaces 120
Property subtype Office

Building Details

Buildings 2
Stories 2
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Michael Gibbs · License #S66802000
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 6:38PM

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 Real Estate Advisors

Investment Insights

Based on property information with market context.

This two-story office property contains 16,800 SF, arranged as approximately 8,400 SF on each floor. The building includes an unfinished structure designated for storage, expanding the property's functional space beyond the primary office areas. The property previously housed The Gazette's offices.

Located at 512 3rd Avenue SE in downtown Cedar Rapids, the site includes approximately 120 off-street parking spaces. The combination of substantial office area, supplemental storage space, and dedicated parking supports a range of professional workplace configurations.

Key Highlights

  • 16,800 SF office building with approximately 8,400 SF on each floor
  • Two‑story office configuration in downtown Cedar Rapids
  • Approximately 120 off‑street parking spaces

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store HVAC Service Big Box & Wholesale Store Locksmith Garden Center (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.

Location Intelligence

Trade Area within ½ mile

3,909
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

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 - Downtown office property with dedicated parking and an unfinished storage building.
Where is this office building located?
The property is located at 512 3rd Avenue SE Cedar Rapids, IA.
What are key features of this property?
This property features: 16,800 SF office building with approximately 8,400 SF on each floor; Two‑story office configuration in downtown Cedar Rapids; Approximately 120 off‑street parking spaces
(319) 731-3415 Call to check price and availability
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