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Town Centre Cedar Rapids, IA 52401 1,829 - 65,523 SF of Space Available

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PARK HIGHLIGHTS

  • Town Centre is a Class A complex at the corner of 3rd and 3rd, offering a range of executive suites, move-in-ready offices, and specialty spaces.
  • Sheltered from winter cold with connections to the city Skywalk system and exclusive-access parking in one of downtown’s only privately held garages.
  • Stroll to the best restaurants and lounges like Cobble Hill, The Map Room, Iowa Brewing Co., Black Sheep Social Club, Need Pizza, Pub 217, and more.
  • Featuring on-site management, unique layouts, a connected private parking garage, leasable basement storage, and full access control.
  • Within a 10-minute walk of cultural hubs such as Paramount Theatre, Mays Island, McGrath Amphitheatre, Alliant Power House, and NewBo City Market.
  • Under new ownership, the expert team at Woodcrest Capital is coming in with fresh capital to offer move-in specials & competitive deals. Inquire now.

PARK FACTS

Total Space Available 65,523 SF
Park Type Office Park
Features
24 Hour Access
  • Atrium, Fenced Lot, Property Manager on Site, Signage, Skylights, Skyway, Wheelchair Accessible, Storage Space, Air Conditioning

ALL AVAILABLE SPACES(6)

Display Rental Rate as

Town Centre
221 3rd Ave SE
1,829 - 65,523 SF | $4.95 - $7.95 /SF/YR $0.41 - $0.66 /SF/MO $53.28 - $85.57 /m²/YR $4.44 - $7.13 /m²/MO $762.08 - $29,112 /MO $9,145 - $349,343 /YR | View Building Details
Building Type/Class
Office/A
Year Built
1991
Building Size
116,826 SF
Building Height
5 Stories
Typical Floor Size
23,365 SF
  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor, Ste 110
  • 8,041 SF
  • Negotiable
  • $5.95 /SF/YR $0.50 /SF/MO $47,844 /YR $3,987 /MO
  • Office
  • -
  • Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 1st Floor, Ste 120
  • 1,829 SF
  • Negotiable
  • $5.00 /SF/YR $0.42 /SF/MO $9,145 /YR $762.08 /MO
  • Office
  • -
  • Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 1st Floor, Ste 130
  • 1,936 SF
  • Negotiable
  • $7.95 /SF/YR $0.66 /SF/MO $15,391 /YR $1,283 /MO
  • Retail
  • Full Build-Out
  • Now

Open plan ready for customization with ample natural light.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • Fully Built-Out as a Restaurant or Café Space
  • 4th Floor, Ste 400
  • 5,532 SF
  • Negotiable
  • $6.95 /SF/YR $0.58 /SF/MO $38,447 /YR $3,204 /MO
  • Office
  • -
  • Now

Vast space with an open plan ideal to fit ample workspaces.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • Open Floor Plan Layout
  • 4th Floor, Ste 410
  • 31,315 SF
  • Negotiable
  • $4.95 /SF/YR $0.41 /SF/MO $155,009 /YR $12,917 /MO
  • Office
  • -
  • Now

Large open workspace that can be customized with lots of natural light from generous window lines.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 5th Floor, Ste 501
  • 16,870 SF
  • Negotiable
  • $4.95 /SF/YR $0.41 /SF/MO $83,507 /YR $6,959 /MO
  • Office
  • -
  • Now

Suite 501 features a large open workspace with expansive windows offering great views of downtown. A skylight provides abundant natural light, enhancing the space. It can also be combined with suite 400 via an exclusive internal staircase, creating a total size of 19,826 usable square feet.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 110 8,041 SF Negotiable $5.95 /SF/YR $0.50 /SF/MO $47,844 /YR $3,987 /MO Office - Now
1st Floor, Ste 120 1,829 SF Negotiable $5.00 /SF/YR $0.42 /SF/MO $9,145 /YR $762.08 /MO Office - Now
1st Floor, Ste 130 1,936 SF Negotiable $7.95 /SF/YR $0.66 /SF/MO $15,391 /YR $1,283 /MO Retail Full Build-Out Now
4th Floor, Ste 400 5,532 SF Negotiable $6.95 /SF/YR $0.58 /SF/MO $38,447 /YR $3,204 /MO Office - Now
4th Floor, Ste 410 31,315 SF Negotiable $4.95 /SF/YR $0.41 /SF/MO $155,009 /YR $12,917 /MO Office - Now
5th Floor, Ste 501 16,870 SF Negotiable $4.95 /SF/YR $0.41 /SF/MO $83,507 /YR $6,959 /MO Office - Now
Town Centre
221 3rd Ave SE
1,829 - 65,523 SF | $4.95 - $7.95 /SF/YR $0.41 - $0.66 /SF/MO $53.28 - $85.57 /m²/YR $4.44 - $7.13 /m²/MO $762.08 - $29,112 /MO $9,145 - $349,343 /YR | View Building Details
Building Type/Class
Office/A
Year Built
1991
Building Size
116,826 SF
Building Height
5 Stories
Typical Floor Size
23,365 SF

221 3rd Ave SE - 1st Floor - Ste 110

Size
8,041 SF
Term
Negotiable
Rental Rate
$5.95 /SF/YR $0.50 /SF/MO $47,844 /YR $3,987 /MO
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 1st Floor - Ste 120

Size
1,829 SF
Term
Negotiable
Rental Rate
$5.00 /SF/YR $0.42 /SF/MO $9,145 /YR $762.08 /MO
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 1st Floor - Ste 130

Size
1,936 SF
Term
Negotiable
Rental Rate
$7.95 /SF/YR $0.66 /SF/MO $15,391 /YR $1,283 /MO
Space Use
Retail
Condition
Full Build-Out
Available
Now

221 3rd Ave SE - 4th Floor - Ste 400

Size
5,532 SF
Term
Negotiable
Rental Rate
$6.95 /SF/YR $0.58 /SF/MO $38,447 /YR $3,204 /MO
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 4th Floor - Ste 410

Size
31,315 SF
Term
Negotiable
Rental Rate
$4.95 /SF/YR $0.41 /SF/MO $155,009 /YR $12,917 /MO
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 5th Floor - Ste 501

Size
16,870 SF
Term
Negotiable
Rental Rate
$4.95 /SF/YR $0.41 /SF/MO $83,507 /YR $6,959 /MO
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 1st Floor - Ste 110

Size 8,041 SF
Term Negotiable
Rental Rate $5.95 /SF/YR
Space Use Office
Condition -
Available Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals

221 3rd Ave SE - 1st Floor - Ste 120

Size 1,829 SF
Term Negotiable
Rental Rate $5.00 /SF/YR
Space Use Office
Condition -
Available Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals

221 3rd Ave SE - 1st Floor - Ste 130

Size 1,936 SF
Term Negotiable
Rental Rate $7.95 /SF/YR
Space Use Retail
Condition Full Build-Out
Available Now

Open plan ready for customization with ample natural light.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space
  • Move-in Specials and Competitive Deals

221 3rd Ave SE - 4th Floor - Ste 400

Size 5,532 SF
Term Negotiable
Rental Rate $6.95 /SF/YR
Space Use Office
Condition -
Available Now

Vast space with an open plan ideal to fit ample workspaces.

  • Lease rate does not include utilities, property expenses or building services
  • Open Floor Plan Layout
  • Move-in Specials and Competitive Deals

221 3rd Ave SE - 4th Floor - Ste 410

Size 31,315 SF
Term Negotiable
Rental Rate $4.95 /SF/YR
Space Use Office
Condition -
Available Now

Large open workspace that can be customized with lots of natural light from generous window lines.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals

221 3rd Ave SE - 5th Floor - Ste 501

Size 16,870 SF
Term Negotiable
Rental Rate $4.95 /SF/YR
Space Use Office
Condition -
Available Now

Suite 501 features a large open workspace with expansive windows offering great views of downtown. A skylight provides abundant natural light, enhancing the space. It can also be combined with suite 400 via an exclusive internal staircase, creating a total size of 19,826 usable square feet.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals

MATTERPORT 3D TOUR

Suite 501

SELECT TENANTS AT THIS PROPERTY

  • BSI Engineering
  • Provides engineering, design, and consulting services for various industries.
  • Hibu
  • Offers digital marketing solutions to help businesses improve online visibility and growth.
  • Savant Wealth Management
  • National financial planning and investment management firm for businesses and individuals.

PARK OVERVIEW

Explore the spaces at Town Centre and discover Downtown Cedar Rapids like never before. This Class A complex is embedded among the city’s top destinations, and new ownership is ambitiously offering attractive deal terms. Town Centre is a multi-building property offering a variety of leasing options, ranging from 600 to 30,000 square feet. The two primary buildings, each spanning a quarter city block, are connected on select floors and provide a mix of open layouts, fully built-out offices, and specialty suites. Notable spaces include a multi-level suite with grand stairs and a central skylight, and a ground-floor café opportunity. Basement storage is also available for tenants. The third building features several smaller first-floor suites. Employees benefit from full access control security throughout the buildings, including restrooms, ensuring seamless movement between spaces. The multi-level parking garage is currently undergoing renovations and will reopen soon. It is one of the city's few privately owned parking facilities, with a private-access basement level offering highly sought-after, fully sheltered parking for winter months. Connected to the city's Skywalk network, with direct access through two second-floor sky bridges, Town Centre is the premier location to enjoy the best Cedar Rapids has to offer. Situated at the city’s famed corner, 3rd and 3rd, Town Centre is among the ranks of Cedar Rapids’ most prestigious professional hubs like City Hall, Alliant Energy Tower, Mercy Medical Center, CRST International World Headquarters, and Armstrong Centre. This address is steps away from dozens of shopping and dining options, along with culture-defining destinations like Alliant Energy Power House, Paramount Theatre, and the Cedar Rapids Museum of Art. Only two blocks from the riverfront, Town Centre will be one of the main beneficiaries of the city’s action plan’s primary goal: Embrace the Cedar River. This initiative will incorporate mixed-use redevelopments, new public infrastructure, and community gathering places to coalesce the Cedar River and Mays Island with downtown. Woodcrest Capital recently took ownership of Town Centre and is eager to offer creative deals and move-in specials with an experienced on-site management team to provide a seamless experience. Woodcrest Capital welcomes first-time and franchise businesses to its centers with easy-to-read leases and flexible terms while also being sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Call Woodcrest today to find the right location for your business!

  • 24 Hour Access
  • Atrium
  • Fenced Lot
  • Property Manager on Site
  • Signage
  • Skylights
  • Skyway
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning

PARK BROCHURE

Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY AMENITIES

RESTAURANTS

The Coffee Emporium & Cafe Cafe $ 2 min walk
Cobble Hill American $$$$ 3 min walk
Wasabi Japanese $$$ 3 min walk
Jimmy John's Fast Food $ 4 min walk
Rock Bar American Grill Steakhouse $$$ 6 min walk
Cellar 19 Wine & Deli - - 6 min walk
Black Sheep Social Club American $$$$ 9 min walk

RETAIL

Ymca Fitness 9 min walk
United States Postal Service Business/Copy/Postal Services 10 min walk

HOTELS

DoubleTree by Hilton
267 rooms
2 min drive
Fairfield Inn
92 rooms
6 min drive
Hampton by Hilton
105 rooms
6 min drive
Ramada
101 rooms
6 min drive
Holiday Inn Express
83 rooms
6 min drive

LEASING TEAM

LEASING TEAM

Ryan Fitzpatrick, Senior Vice President
Ryan Fitzpatrick  has been active in the commercial real estate industry since 2014 and provides commercial brokerage services at Cushman & Wakefield Iowa Commercial Advisors. Throughout his career, Ryan has gained expertise in tenant representation, office & industrial transaction management, and asset valuation.

Serving multiple Fortune 500 client assignments across Eastern Iowa, Ryan actively maintains regional market research and knowledge to provide clients with the most up to date insights to gain a competitive advantage in the current complex environment.
Parker Ridge, Associate
Parker provides commercial brokerage services at Cushman & Wakefield Iowa Commercial Advisors. In order to maximize his value to investors, landlords, and tenants, he leverages his extensive network locally, regionally, and nationally. Parker emphasizes the importance of building and maintaining his client relationships.

Parker uses a full range of business strategies which includes investment, site selection, tenant/ landlord representation, corporate services, acquisition, disposition, and overall market analysis. He actively maintains regional market research and knowledge to provide clients with the most
up to date insights to gain a competitive advantage in the current complex environment.
  • Listing ID: 34333914

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 221 3rd Ave SE, Cedar Rapids, IA 52401

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