List Search

221 3rd Ave SE
Cedar Rapids, IA 52401 Downtown Cedar Rapids

$762 - $12,917 USD/MO

Unknown For Lease  •  1,829+ SF

Property Details

  • Property Type Unknown
  • Year Built 1991
39 Transit Score
78 Walk Score

6 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste 110 Office 8,041 SF $5.95 USD/SF/YR
Contact broker for more details.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 120 Office 1,829 SF $5.00 USD/SF/YR
Contact broker for more details.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 130 Retail 1,936 SF $7.95 USD/SF/YR
Open plan ready for customization with ample natural light.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
4th Floor Ste 400 Office 5,532 SF $6.95 USD/SF/YR
Vast space with an open plan ideal to fit ample workspaces.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
4th Floor Ste 410 Office 31,315 SF $4.95 USD/SF/YR
Large open workspace that can be customized with lots of natural light from generous window lines.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
5th Floor Ste 501 Office 16,870 SF $4.95 USD/SF/YR
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.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet

Description

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!

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.
Featuring on-site management, unique layouts, a connected private parking garage, leasable basement storage, and full access control.
Sheltered from winter cold with connections to the city Skywalk system and exclusive-access parking in one of downtown’s only privately held garages.
Within a 10-minute walk of cultural hubs such as Paramount Theatre, Mays Island, McGrath Amphitheatre, Alliant Power House, and NewBo City Market.
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.
Under new ownership, the expert team at Woodcrest Capital is coming in with fresh capital to offer move-in specials & competitive deals. Inquire now.

Property Flyers

Amenities

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

Major Tenants

Tenant SF Occupied Lease End Date
BSI Engineering
Hibu 12/31/2025
Savant Wealth Management 2/28/2027

Public Transportation

AirportDriveWalkDistance
The Eastern Iowa 12 min - 9.0 mi
Ryan Fitzpatrick 319-348-3954 Cushman & Wakefield | Iowa Commercial Advisors
Ryan Fitzpatrick 319-348-3954 Cushman & Wakefield | Iowa Commercial Advisors