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    275 1St Ave Cedar Rapids, IA 52401

    For Lease
    $8 SF/Yr ($16,666 /Mo)

    Prime retail/office space, Kingston Yard development.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A commercial property, located at 275 1st Avenue SE in Cedar Rapids, Iowa, offers 25,000 square feet of versatile space within a vibrant mixed-use development. Currently, 12,391 square feet are available for lease. The building, completed in 2024, boasts six stories, one building, and includes elevators. The property sits on a 0.515-acre lot (22,410 square feet) and is zoned U-DC. Available spaces range from 1,623 to 11,685 square feet, with lease rates from $8.00 to $15.95 per square foot, NNN. The space is delivered as a "vanilla box," allowing for tenant customization. Tenant improvement allowances are available for retail and office spaces. This development, situated in the heart of the Kingston Village District, is a master-planned destination designed to attract a large number of visitors annually. A permanent parking structure is slated for completion by Summer 2025. Base rent is subject to annual increases. The property's Linn County APN is 142823103100000. This is a unique opportunity to establish a business in a thriving, strategically planned environment.

    Property Features for 275 1St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Class
    A
    Total Rate
    16666.67

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Suite 100
    Size
    2,822 SF
    Rate per SF
    $8
    Space
    Suite 102
    Size
    1,623 SF
    Rate per SF
    $8
    Space
    1st Floor
    Size
    11,685 SF
    Rate per SF
    $8
    Space
    Suite 200
    Size
    4,082 SF
    Rate per SF
    $8
    Space
    Suite 202
    Size
    4,123 SF
    Rate per SF
    $8
    Space
    2nd Floor
    Size
    8,205 SF
    Rate per SF
    $8
    Space
    Suite 106
    Size
    4,391 SF
    Rate per SF
    $8
    Space
    Suite 104
    Size
    2,849 SF
    Rate per SF
    $8
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage 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
    -91.675032713427
    Latitude
    41.975797412474

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    FAQs

    What type of property is this?
    Retail property - Prime retail/office space, Kingston Yard development.
    Where is this retail property located?
    The property is located at 275 1St Ave Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    Request Owner's contact information
    275 1St Ave Cedar Rapids, IA 52401
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    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
    275 1St Ave Cedar Rapids, IA 52401
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