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620-118 3rd Ave Se, Cedar Rapids, IA 52404

Downtown Cedar Rapids suites are offered on modified-gross terms, with desktop electricity billed separately.

Space Size208 SF - 2,025 SF
Days on Market9

Property Features for 620-118 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
Listed By: John Beardsworth · License #IA S68410000
Source: Exprealty
Added: Oct 7 Changed: Oct 15 Last Checked: Oct 15 at 1:58AM

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

Investment Insights

Based on property information with market context.

Office suites are available in the historic Higley Building in downtown Cedar Rapids. Individual spaces range from approximately 208 SF to 2,025 SF, within a 57,552-SF building. The lease structure is modified gross, with desktop electricity as an additional tenant cost.

The landlord can help coordinate employee parking. Suite sizes and rental rates vary by availability.

Key Highlights

  • Suite sizes range from approximately 208 SF to 2,025 SF
  • 57,552‑SF building in downtown Cedar Rapids
  • Modified‑gross lease; desktop electricity is an additional cost

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store Locksmith

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

915
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

Market

Lease Benchmarks for Cedar Rapids, IA

$12.5 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,498 SF
Avg Space Size

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 units - Downtown Cedar Rapids suites are offered on modified-gross terms, with desktop electricity billed separately.
Where is this office units located?
The property is located at 620-118 3rd Ave Se Cedar Rapids, IA.
What are key features of this property?
This property features: Suite sizes range from approximately 208 SF to 2,025 SF; 57,552‑SF building in downtown Cedar Rapids; Modified‑gross lease; desktop electricity is an additional cost
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