1220 3rd SE St Cedar Rapids, IA 52401

This exceptional Class A, four-story commercial building, completed in 2024, offers 39,960 square feet of versatile space in Cedar Rapids, IA's vibrant Newbo District. Located at 1220 3rd St SE, this mixed-use development, known as Fulton Lofts, features 34 residential units above ground-floor commercial suites. Seven retail spaces are available, ranging from 1,040 to 6,600 contiguous square feet, with a total of 19,776 square feet currently vacant. The property sits on a 0.771-acre lot and is zoned for Urban Form District use. Tenants will share common area hallways, restrooms, a lobby, and a vestibule. The building boasts a modern design incorporating local artwork and public green space. This prime location benefits from high foot traffic and proximity to neighboring businesses. A tenant improvement allowance of $10.00 per square foot is offered on usable square footage. Estimated operating expenses are $7.95 per square foot. Occupancy is anticipated for Summer 2024. This is an unparalleled opportunity to establish a presence in a thriving, newly developed commercial complex. The minimum divisible space is 1,040 square feet, making it ideal for a variety of businesses. The building's modern amenities and convenient location make it an attractive option for businesses seeking a high-quality space in a dynamic urban setting. The property's APN is 14273-27027-00000.