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DOWNTOWN OFFICE WITH SHOWROOM & FLEX SPACE 724 3rd Ave SE 16,800 SF Retail Building Cedar Rapids, IA 52401 $1,122,000 ($66.79/SF)
Investment Highlights
- Strong downtown visibility with frontage along a major commercial corridor
- Ceiling heights ranging from 11' to 25'
- Convenient access to Interstate 380
- Ample off-street parking on the included adjacent lot, plus street parking
- Flexible mix of showroom, office, warehouse, and storage space
- Elevator access serving multiple levels
Executive Summary
Located at 724 & 725 3rd Avenue SE in Downtown Cedar Rapids, this 16,800 SF two-story commercial property includes both the main building and the adjacent lot at 725 3rd Avenue SE. The property offers a versatile combination of showroom, office, warehouse, and storage space, featuring a large showroom and warehouse area, five private offices, elevator access, basement storage, a new digital billboard, and ceiling heights ranging from 11 to 25 feet. The property also features ample parking on the included adjacent lot, additional street parking and convenient access to Interstate 380.
Situated in one of Cedar Rapids’ most active commercial districts, the property is surrounded by a growing mix of businesses, restaurants, and residential developments. Its flexible layout, strong visibility, and central location make it an excellent opportunity for businesses, owner-users, or investors seeking a well-positioned downtown asset.
Situated in one of Cedar Rapids’ most active commercial districts, the property is surrounded by a growing mix of businesses, restaurants, and residential developments. Its flexible layout, strong visibility, and central location make it an excellent opportunity for businesses, owner-users, or investors seeking a well-positioned downtown asset.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,800 SF
Building Class
C
Year Built/Renovated
1905/2008
Price
$1,122,000
Price Per SF
$66.79
Tenancy
Single
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
FORM
Frontage
60’ on 3RD AVE
Amenities
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $821,100 | |
| Land Assessment | $158,400 | Total Assessment | $979,500 |
Property Taxes
Parcel Numbers
Land Assessment
$158,400
Improvements Assessment
$821,100
Total Assessment
$979,500
Contacts
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Tiffany Earl-Williams -
Josh Seamans -
Gabe Golberg -
Luke Rogers -
Phil Williams -
WSG CRE
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DOWNTOWN OFFICE WITH SHOWROOM & FLEX SPACE | 724 3rd Ave SE
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