210 3Rd AveCedar Rapids, IA 52401

Property Details for 210 3Rd Ave

Year built

1912

Lot size

0.21 AC

Property size (Sq ft)

35,840 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

14-28-1-28-003-0-0000

APU

142812800300000

Description

The Barnes-Chamberlain Building, a stunning 4-story, 32,562 sq ft Class B office building in downtown Cedar Rapids, offers flexible executive office and coworking spaces. Built in 1917 and renovated in 2016, this National Register of Historic Places landmark provides units ranging from 100 to 700 contiguous sq ft, with 3,500 sq ft currently vacant. The building boasts two elevators and is conveniently located less than a mile from I-380, within walking distance of Greene Square Park and the Cedar River Nature Trail. A strong tenant mix includes The Armstrong Eatery, Gringo's Café and Catering, Coffee Republic, and The Keto Kitchen, along with a dedicated event space. While the building itself has no on-site parking, nearby landlord-owned facilities offer convenient options. This unique property presents a rare opportunity to establish a presence in a vibrant, historic downtown setting. The building's rich history, combined with modern amenities and a prime location, makes it an ideal choice for businesses seeking a distinctive and convenient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $7,315,577

  6.5%

  $6,752,840

  7%

  $6,270,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,835,374

  Geo Method

  $2,835,374

• Alternative Use

  Use

  Valuation

  Residential

  $6,752,840

  Hospitality

  $6,185,566

  Educational

  $5,146,318

  Medical

  $5,323,308

  Retail

  $8,005,384

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

41.9775

Longitude

-91.6667

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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