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Mixed-Use Property with End-Cap Patio
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900-900 3rd St Se, Cedar Rapids, IA 52401

First-floor commercial suites are planned within a mixed-use development featuring 183 market-rate apartments.

Space SizeContact for details
Days on Market514

Property Features for 900-900 3rd St Se

General Information

Standard status Active
Listing Agency: GLD COMMERCIAL
Listed By: Adam Gibbs · License #B43857000
Source: Exprealty
Added: Apr 8, 2025 Changed: Sep 2 Last Checked: Sep 2 at 12:33AM

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

Investment Insights

Based on property information with market context.

Loftus is a mixed-use development at 900-900 3rd St SE with flexible commercial suites planned along the first floor. The south end-cap includes an outdoor patio, providing a distinct configuration for restaurant-oriented occupancy. The project is designed to include 183 market-rate apartments above or alongside the commercial component, creating an integrated residential and commercial setting.

The property fronts 3rd St. SE in Cedar Rapids’ NewBo neighborhood, placing the commercial space within a walkable area described as having neighborhood amenities nearby. The available commercial component totals 252,815 SF, supporting a range of suite configurations within the development.

Key Highlights

  • 183 market‑rate apartments planned within the mixed‑use project
  • Flexible commercial suites available on the 1st floor
  • South end‑cap space includes an outdoor patio

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Dental Office Storage Facility Big Box & Wholesale Store Grocery & Convenience Store Nail Salon

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

Location Intelligence

Trade Area within ½ mile

1,597
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

Lease Benchmarks for Cedar Rapids, IA

$17.44 /SF/Yr
Avg Asking Price
$15–$21 /SF/Yr
Price Range
78,535 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor commercial suites are planned within a mixed-use development featuring 183 market-rate apartments.
Where is this mixed-use property located?
The property is located at 900-900 3rd St Se Cedar Rapids, IA.
What are key features of this property?
This property features: 183 market‑rate apartments planned within the mixed‑use project; Flexible commercial suites available on the 1st floor; South end‑cap space includes an outdoor patio
More about this property
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