1010 3rd Ave & 1011 2nd Ave SW

1010 3rd Ave & 1011 2nd Ave SW, Cedar Rapids, IA 52404

Property Information

  • For Sale $850,000
  • Property Type Office - General Office
  • Property Size 23,501 SF
  • Lot Size 1.08 Acre
  • Building Class B
  • Year Built 1962
  • Date Updated Nov 11, 2026

Description

Property is located along the railroad between 2nd Ave SW & 3rd Ave SW.Great opportunity for an owner user/investor to buy this warehouse and office combo. This offering is for a two story office building located at 1011 2nd Ave SW and a 17,537 SF warehouse located across the parking lot at 1010 3rd Ave SW. The purchase includes 6 total parcels that equal 1.079 AC. The entire warehouse is leased between 3 current tenants and the 2nd floor of the office is leased. All leases expire this year for the flexibility of a new owner to either renew leases or take over space for their own operation. The 1st floor of the office is vacant and available to lease at $8.00/SF modified gross. The parcels included are: GPN #: 14291-64016-00000, 14291-64015-00000, 14291-64014-00000, 14291-64004-00000, 14291-64005-00000, 14291-64018-00000. Please contact listing agent for lease details.Great opportunity for an owner user/investor to buy this warehouse and office combo. This offering is for a two story office building located at 1011 2nd Ave SW and a 17,537 SF warehouse located across the parking lot at 1010 3rd Ave SW. The purchase includes 6 total parcels that equal 1.079 AC. The entire warehouse is leased between 3 current tenants and the 2nd floor of the office is leased. All leases expire this year for the flexibility of a new owner to either renew leases or take over space for their own operation. The 1st floor of the office is vacant and available to lease at $8.00/SF NNN. The parcels included are: GPN #: 14291-64016-00000, 14291-64015-00000, 14291-64014-00000, 14291-64004-00000, 14291-64005-00000, 14291-64018-00000. Please contact listing agent for lease details.

Contacts

Location

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