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    600 3Rd St Cedar Rapids, IA 52401

    Sponsored
    For Lease
    $4 SF/Yr ($8,400 /Mo)

    Flexible office & warehouse space available

    Lot size:
    25,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Cedar Rapids property, located at 600 3rd St SE, offers 25,200 square feet of versatile space in a historic building (1919). The building features a mix of traditional and creative office spaces, flex space, and warehouse options, perfect for a variety of businesses. Multiple tenancy is available, with minimum divisible space starting at 885 square feet and maximum contiguous space of 1,648 square feet. One suite (1,648 sq ft) boasts an open concept, freight elevator access, kitchenette, restroom, and loft area, ideal for live/work arrangements. Another space (878 sq ft) offers heated storage with a dock door. The property sits on a 0.193-acre lot and includes onsite parking. The building's unique character includes exposed beams, tall ceilings, and abundant natural light. The zoning is UFD - Shopfront Overlay. The property is located in Cedar Rapids, IA, 52401. Tenant improvements may be considered for qualified leases. This is a rare opportunity to lease space in a landmark building with a rich history.

    Property Features for 600 3Rd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,200 SF
    Total Rate
    8400

    Building Details

    Year Built
    1919
    Buildings
    1

    Unit(s) available at that property

    Space
    Loading Dock
    Size
    878 SF
    Rate per SF
    $4
    Space
    Suite 305
    Size
    1,648 SF
    Rate per SF
    $10

    HighLights

    • Prime downtown Cedar Rapids office space.
    • High‑end finishes including hardwood floors, exposed beams, and high ceilings with abundant natural light.
    • Convenient onsite parking available.
    • Excellent downtown Cedar Rapids location.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Warehouse on Third Warehouse Shelby Beautiful By ... Beauty Salon Spa 600 Day Spa Change Architect Aaron Murphy Interiors Interior Designer

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.663247515236
    Latitude
    41.975115321747

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    FAQs

    What type of property is this?
    Office space - Flexible office & warehouse space available
    Where is this office space located?
    The property is located at 600 3Rd St Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $4-$10 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Cedar Rapids office space.; High-end finishes including hardwood floors, exposed beams, and high ceilings with abundant natural light.; Convenient onsite parking available.
    Request Owner's contact information
    600 3Rd St Cedar Rapids, IA 52401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 3Rd St Cedar Rapids, IA 52401
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