For Lease
$15.95-$17.95 /SF/YR

1220 3Rd St Cedar Rapids, IA 52401

Newbo District Retail Space Available

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • New 2024 construction, Class A, four-story commercial building totaling 39,960 square feet in Cedar Rapids, IA's Newbo District.
  • Seven retail spaces available, ranging from 1,040 to 6,600 square feet, totaling 19,776 square feet of vacant space.
  • Located in the high-traffic Newbo District with approximately 550 existing or planned residential units nearby.
  • $10.00/SF tenant improvement allowance and estimated operating expenses of $7.95/SF.

Property Details for 1220 3Rd St

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
39,960 SF
Class
A
Year Built
2024
Stories
4

Unit(s) available at that property

Space
Suite 300
Size
3,120 SF
Rate per SF
$15.95
Space
Suite 400
Size
1,118 SF
Rate per SF
$17.95
Space
Suite 500
Size
2,240 SF
Rate per SF
$15.95
Space
Suite 600
Size
3,360 SF
Rate per SF
$15.95
Space
Suite 700
Size
6,600 SF
Rate per SF
$15.95
Space
Suite 100
Size
1,040 SF
Rate per SF
$17.95
Space
Suite 200
Size
2,080 SF
Rate per SF
$15.95

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
41.969607821273
Longitude
-91.65753157275

FAQs

What type of property is this?
Retail property - Newbo District Retail Space Available
Where is the retail property located?
The property is located at 1220 3Rd St Cedar Rapids, IA.
What is the lease rate?
The lease rate is $15.95-$17.95 /SF/YR.
What are key features of this property?
This property features: New 2024 construction, Class A, four-story commercial building totaling 39,960 square feet in Cedar Rapids, IA's Newbo District.; Seven retail spaces available, ranging from 1,040 to 6,600 square feet, totaling 19,776 square feet of vacant space.; Located in the high-traffic Newbo District with approximately 550 existing or planned residential units nearby.
How can I contact the broker?
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1220 3Rd St
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