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601 SE 3rd St, Cedar Rapids, IA

Modern, high-tech two-story office space built in 2012.

Space Size81,068 SF
Lot Size1.19 Acres
Days on Market1398

Property Features for 601 SE 3rd St

General Information

Standard status Active
Size 81,068 SF
Lot size 1.19 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 601 SE 3rd St
Office Sublease $14.50/SF/Yr
Size 81,068 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease Yes
Property Information: • Modern, high-tech two-story corporate office space • Built in 2012 with latest technology and office design plus a dock/warehouse • Situated on the 3rd street arts corridor between downtown and the NewBo district • Located conveniently by hotels, shops, & restaurants
Contact us
Listing Agency: JLL
Listed By: Michael Minard · License #IA-S42639000
Source: Moodyscre
Added: Dec 9, 2022 Changed: Sep 11 Last Checked: Oct 5 at 9:01PM

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 JLL

Investment Insights

Based on property information with market context.

This modern, high-tech two-story corporate office space was built in 2012 and incorporates the latest technology and office design, including a dock/warehouse. The property is situated on the 3rd street arts corridor, located between downtown and the NewBo district. Its location offers convenient access to hotels, shops, and restaurants. The property has a size of 81068 square feet.

Key Highlights

  • Modern, high‑tech two‑story corporate office space.
  • Built in 2012 with latest technology and office design.
  • Includes a dock/warehouse.

Property Analytics

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Current Use

Lot 42 Parking Lot & Garage

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Big Box & Wholesale Store HVAC Service Locksmith Barber Shop

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
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,464
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Cedar Rapids, IA

$8.35 /SF/Yr
Avg Asking Price
$0.99–$16 /SF/Yr
Price Range
35,042 SF
Avg Space Size

This space is priced 74% above the average of $8.35 /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 building - Modern, high-tech two-story office space built in 2012.
Where is this office building located?
The property is located at 601 SE 3rd St Cedar Rapids, IA.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Modern, high‑tech two‑story corporate office space.; Built in 2012 with latest technology and office design.; Includes a dock/warehouse.
(563) 508-4649 Call to check price and availability
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