For Lease
$10.50/SF/YR

701 3Rd Ave Cedar Rapids, IA 52401

Renovated Office Suites, 1400-2800 SF

Overview

Added:
Dec 11, 2024
Days on market:
130
This 9,800 square foot, single-story building at 701-713 3rd Ave SE in Cedar Rapids, IA (52401), offers flexible office space in a prime downtown location. Completely renovated in 2023, the property boasts updated plumbing, electrical, windows, and doors. Six suites are available, each offering approximately 1,400 square feet with a private restroom and storage room. The landlord is willing to combine adjacent suites to create larger spaces up to 2,800 contiguous square feet. One unit is move-in ready, while others allow new tenants to customize flooring and paint. The building is classified as Class B and was originally constructed in 1923. On-site parking is available behind the building, with approximately 30 spaces. The parking lot will soon undergo resurfacing and restriping. The property sits on a 0.032-acre lot and is zoned for Urban Neighborhood General use. Initial operating expenses are estimated at $4.50 per square foot, subject to annual reconciliation. This exceptional opportunity is perfect for businesses seeking modern, renovated space in a vibrant urban setting. The property's address is 701 3rd Ave SE, Cedar Rapids, IA, and the cross street is 7th Street. The APN is 14214-80011-00000.

Highlights

  • 9,800 SF single-story building, completely renovated in 2023.
  • Prime downtown Cedar Rapids location, near MedQuarter.
  • Six 1,400 SF suites available, combinable up to 2,800 SF.
  • On-site parking (approx. 30 spaces), soon to be resurfaced.

Property Details for 701 3Rd Ave

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
9,800 SF
Class
B
Year Built/Renovated
1923/2023
Buildings
1
Stories
1

Unit(s) available at that property

Space
703
Size
1,400 SF
Rate per SF
$10.50
Space
707
Size
1,400 SF
Rate per SF
$10.50
Space
709
Size
1,400 SF
Rate per SF
$10.50

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
41.980242063984
Longitude
-91.661238255779
701 3Rd Ave, Cedar Rapids, Iowa

FAQs

What type of property is this?
Retail property - Renovated Office Suites, 1400-2800 SF
Where is the retail property located?
The property is located at 701 3Rd Ave Cedar Rapids, IA.
What is the lease rate?
The lease rate is $10.50/SF/YR.
What are key features of this property?
This property features: 9,800 SF single-story building, completely renovated in 2023.; Prime downtown Cedar Rapids location, near MedQuarter.; Six 1,400 SF suites available, combinable up to 2,800 SF.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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701 3Rd Ave
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