275 1St Ave Cedar Rapids, IA 52401
- Commercial real estate
- 25,000 SF
- 0.52 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 275 1St Ave
- Year built
- 2024
- Lot size
- 0.52 lot acres
- Property size
- 25,000 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.675032713427
- Latitude
- 41.975797412474
