For Sale
Cedar Rapids, IA
Commercial Real Estate Market Trends & Data
$107
Avg asking sale price
$297
Avg asking lease rate
51,414 SF
Avg unit lease size
67,183 SF
Avg building size for sale
7.82%
Average cap rate
Cedar Rapids's Demographic Profile
Cedar Rapids has 58,318 households and a median income of $63,741, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 137,606 |
| # Households | 58,318 |
| Median age | 39 |
| Median household income | $63,741 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 20,702 |
| 5-year population change | 0% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cedar Rapids, IA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cedar Rapids | $113 | 39,720 SF | 8.70% |
| Hiawatha | $96 | 30,632 SF | 8.70% |
| Marion | $169 | 12,000 SF | 6.50% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Cedar Rapids | $123 | 130,285 SF |
| Hiawatha | $119 | 8,400 SF |
| Marion | $138 | 3,622 SF |
| Robins | $119 | 8,400 SF |
| North Liberty | $1,067 | 3,392 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cedar Rapids | $77 | 21,419 SF | 6.97% |
| Marion | $61 | 16,464 SF | 6.97% |
| Solon | $117 | 6,400 SF | 7.67% |
| Tiffin | $309 | 6,380 SF | 6.67% |
| Coralville | $317 | 13,812 SF | 6.67% |
Commercial Properties For Sale in Cedar Rapids
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Cedar Rapids pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Cedar Rapids | $107 | 67,183 SF |
| Hiawatha | $140 | 113,767 SF |
| Marion | $121 | 7,866 SF |
| Robins | $113 | 10,892 SF |
Regional Demographic Comparison
This comparison places Cedar Rapids alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cedar Rapids or distributed across surrounding areas.
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cedar Rapids, IA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Cedar Rapids
View All Commercial Real Estate For Sale in Cedar Rapids
Is Cedar Rapids a good market for a first-time commercial real estate investor?
Cedar Rapids offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Cedar Rapids?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cedar Rapids. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Cedar Rapids?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cedar Rapids. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Cedar Rapids compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cedar Rapids. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Cedar Rapids acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cedar Rapids, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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