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Downtown Cedar Rapids Retail/Office Space
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207 2nd Ave SE, Cedar Rapids, IA 52401

First floor retail or office space in Downtown Cedar Rapids.

Space Size2,727 SF - 3,777 SF
Property Size66,445 SF
Days on Market891

Property Features for 207 2nd Ave SE

General Information

Standard status Active
Size 2,727 SF - 3,777 SF
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 66,445 SF
Year Built 1910
Tenancy Multiple

Spaces For Lease

at 207 2nd Ave SE Contact us

300

Size
3,777 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

300A

Size
2,727 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Michael Gibbs · License #S66802000
Source: Crexi
Added: Mar 22, 2024 Changed: Aug 16 Last Checked: Aug 28 at 9:52PM

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

Investment Insights

Based on property information with market context.

This first-floor space is suitable for retail or office use and is located in Downtown Cedar Rapids. The suite is situated next to 20 Years Awesome. It offers an open-concept floor plan with 4 offices or changing rooms located at the back. The space encompasses 2,727 square feet. There is an opportunity to combine it with an adjacent 1,050 square foot retail space. The landlord is willing to make improvements to the suite, subject to a qualified tenant and agreed-upon lease terms.

Key Highlights

  • Prime downtown Cedar Rapids location
  • Flexible space: choose the 2,727 SF suite or combine with the adjacent 1,050 SF space
  • Open concept floor plan

Property Analytics

Current Use

Office Express (Bike/Boat/Book/etc) Store Christopher P. Tuetken, ... Pharmacy 20 Years Awesome! (Bike/Boat/Book/etc) Store Sole Street Clothing & Fashion Store Need Pizza Restaurant

Suggested Use

Top Pick Auto Parts Store Storage Facility Barber Shop Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store

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
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,946
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

$17.59 /SF/Yr
Avg Asking Price
$10–$33 /SF/Yr
Price Range
34,197 SF
Avg Space Size

This space is priced 49% below the average of $17.59 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - First floor retail or office space in Downtown Cedar Rapids.
Where is this retail space located?
The property is located at 207 2nd Ave SE Cedar Rapids, IA.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Prime downtown Cedar Rapids location; Flexible space: choose the 2,727 SF suite or combine with the adjacent 1,050 SF space; Open concept floor plan
(319) 731-3415 Call to check price and availability
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