Retail Suites with Private
For Lease
$11 SF/Yr CAM $4.50 /USD/SF/YR
705 3rd Ave SE, Cedar Rapids, IA 52403
Suites include storage, while prospective tenants in unfinished units can select flooring and paint.
Space Size1,400 SF - 8,400 SF
Days on Market1312
Property Features for 705 3rd Ave SE
General Information
Standard status
Active
Size
1,400 SF - 8,400 SF
Net Rentable
1,400 SF
Total Parking Spaces
30
Zoning
U-NG
Space & Availability
Available Space
1,400-8,400 SF
Divisible
Yes
Additional Details
CAM
$4.50 /SF/YR
Taxes and HOA fees
Annual Taxes
$2,765
Amenities
private restroom
storage room
onsite parking
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 731-3410
Listed By:
Angie Glick
(319) 821-0028
Source:
Kalonarealty
Added: Mar 24, 2023
Changed: Oct 24
Last Checked: Oct 24 at 3:07PM
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
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Investment Insights
Based on property information with market context.
The retail property, built in 1923, is being updated inside and out. Each suite measures 1,400 SF and has a private restroom and storage room; suites may be combined for up to 8,400 SF. Renovations are complete in Unit 703. Tenants in the other units may choose flooring and paint, and building work includes new plumbing, electrical, windows, and doors.
Approximately 30 parking spaces are located behind the building. The property is zoned U-NG (Urban Neighborhood General).
Approximately 30 parking spaces are located behind the building. The property is zoned U-NG (Urban Neighborhood General).
Key Highlights
- 1,400 SF per suite; combinations available up to 8,400 SF
- Private restroom and storage room in each unit
- Unit 703 renovations are complete; tenants in remaining units may select flooring and paint
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,884
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
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Market
Lease Benchmarks for Cedar Rapids, IA
$16.48 /SF/Yr
Avg Asking Price
$9–$21 /SF/Yr
Price Range
47,515 SF
Avg Space Size
This space is priced 33% below the average of $16.48 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Suites include storage, while prospective tenants in unfinished units can select flooring and paint.
Where is this retail space located?
The property is located at 705 3rd Ave SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: 1,400 SF per suite; combinations available up to 8,400 SF; Private restroom and storage room in each unit; Unit 703 renovations are complete; tenants in remaining units may select flooring and paint
