Town Centre

221 3rd Ave SE, Cedar Rapids, IA 52401

Property Information

  • For Lease $4.95 - $19.95/SF/YR
  • Property Type Office
  • Property Size 180,558 SF
  • Lot Size 1.69 Acre
  • Zoning U-DC (Urban Downtown Core)
  • # of Floors 5
  • Parking Spaces Avail. 348
  • Parking Ratio 1.93 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Renovated 1991
  • Date Updated Jun 25, 2026

Description

Town Centre is a five-story Class A office complex at 3rd & 3rd in downtown Cedar Rapids, IA, and is among the newest office buildings in the city. Now out of receivership and under new management, the property is seeing new life joining existing tenants Hibu, Savant Wealth Management, KFI Engineers, and BSI Engineering, among others. The attached parkade is the only privately-owned parking garage in downtown and provides very convenient access to the tenants, including an underground, completely sheltered parking floor. With modern access controls and lighting, and several fully built-out premium office suites available, this office is a gem in downtown.

 

Commercial suites at this office complex are available to lease for anything from professional offices to medical or other professional service providers, as well as for some retail and cafe use on the first floor. 

 

Woodcrest Capital welcomes first time and franchise businesses to its centers with easy-to-read leases and flexible terms. Woodcrest is also 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. Give us a call today to find the right location for your business as we usually have multiple retail opportunities in the immediate area!

Highlights

  • At 3rd & 3rd in the Heart of Downtown Cedar Rapids
  • Private Parking Garage with enclosed premium parking options
  • Direct access to the Skywalk network on the 2nd floor
  • Premium office build-outs available
  • Join this popular office complex in the heart of downtown with a special Introductory Rate for an As-Is lease today!

15 Spaces Available

221-110

Space Type

Retail

Lease Rate

$4.95/SF/YR

Total Space

6,719 SF

Available Date

Immediate

Lease Type

NNN

Build Type

Full build out

former conference center

221-200

Space Type

Office

Lease Rate

$4.95/SF/YR

Total Space

3,175 SF

Available Date

Immediate

Lease Type

NNN

Build Type

Full build out

221-225

Space Type

Office

Lease Rate

$9.95/SF/YR

Total Space

940 SF

Available Date

60 Days

Lease Type

NNN

Build Type

Full build out

currently on-site management's office; could be relocated.

221-410

Space Type

Office

Lease Rate

$4.95/SF/YR

Total Space

20,771 SF

Max Contiguous

52,325 SF

Available Date

Immediate

Lease Type

NNN

Build Type

Full build out

316-120

Space Type

Office

Lease Rate

$4.95/SF/YR

Total Space

2,020 SF

Available Date

Immediate

Lease Type

NNN

Build Type

Partial build out

Contacts

Location

Contact Listing Broker
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