Town Centre

For Lease

221 3rd Ave SE, Cedar Rapids, IA 52401

The total number of office spaces available at Town Centre is 15. Leasing opportunities in the building include retail, office and restaurant. There is a total of 73,465 square feet of space currently available for rent at this address. Of this, the minimum divisible area is 129 square feet.

Space Available For Lease 15

Contacts

Chase Parten

Woodcrest Capital

Property Details

  • 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

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!

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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!

Attachments

Getting around

  • 78/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 78/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cedar Rapids, IA
  • Zip Code 52401

Points of Interest

  • ChargePoint

    0.29 miles

  • Casey's General Store

    0.36 miles

  • Caseys

    0.73 miles

  • Kum & Go

    0.75 miles

  • Fas Fuel

    1.01 miles

  • Sinclair - Hawkeye

    1.18 miles

  • Conoco

    1.20 miles

  • Tesla Supercharger

    1.51 miles

  • Hy-Vee Gas Station

    1.54 miles

  • Kwik Shop

    2.09 miles

  • 3rd Avenue Ramp

    0.07 miles

  • GTC Ramp

    0.09 miles

  • Paramount Lot

    0.10 miles

  • CRST Parking Garage

    0.15 miles

  • May's Island Ramp

    0.25 miles

  • Five Seasons Parking Ramp

    0.25 miles

  • Lot 9

    0.29 miles

  • Lot 12

    0.30 miles

  • Lot 10

    0.32 miles

  • Lot 44

    0.39 miles

  • DoubleTree by Hilton Hotel Cedar Rapids Convention Complex

    0.20 miles

  • Doubletree Hilton

    0.21 miles

  • Aspen Inn

    2.17 miles

  • Red Roof Inn

    2.17 miles

  • Economy Inn & Suites Cedar Rapids

    2.22 miles

  • Quality Inn South

    2.25 miles

  • Super 8 by Wyndham Cedar Rapids

    2.27 miles

  • Hampton Inn Cedar Rapids

    2.28 miles

  • Hometown Inn & Suites

    2.32 miles

  • Fairfield Inn & Suites Cedar Rapids

    2.34 miles

  • Babanur International Grocery

    0.98 miles

  • K.A.F.F. Oriental & African Market

    1.05 miles

  • Hy-Vee

    1.13 miles

  • New Pioneer Food Co-Op

    2.46 miles

  • ALDI

    2.89 miles

  • Town and Country Shopping Center

    3.13 miles

  • JCPenney

    3.17 miles

  • Our Himalayan Store

    3.19 miles

  • Ross

    3.28 miles

  • Burlington

    3.30 miles

221 3rd Ave SE Listing Brief

  • Leasing rates here can depend on a variety of factors, including the quality rating of the property (property class or building class), the position of the available space within the building, any unique attributes that the listed space may include, as well as on the availability of on-site or nearby amenities. Reach out using the contact form available on this page to schedule a tour or to get more detailed information on the most modern facilities and amenities that 221 3rd Ave SE has to offer.

  • The property offers a parking ratio of 1.93 / 1,000 SF, which translates to a total of 348 parking spaces. See the listing area details for information and ratings regarding the degree of walkability in the neighborhood, the accessibility and frequency of public transit options, as well as the level of availability and quality of biking infrastructure in the area. What’s more, you can use the interactive map for a good overview of the area. Location details also include a breakdown of distance from the property to several essential amenities and points of interest, which may include parking facilities, fuel stations, stores, or hotels.

  • 221 3rd Ave SE is rated class A. The building includes 180,558 square feet, of which 73,465 square feet is rentable office space. The most recent renovation completed at this address was in 1991.

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