• Broker Ryan Fitzpatrick 3199005542
  • Broker Parker Ridge 3199005542
  • Broker Taylor Marks 3199005542
  • Broker Eric Tank 3199005542

Town Centre Cedar Rapids, IA 52401 1,829 - 65,523 SF of Office Space Available

View Photo

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

PARK FACTS

Total Space Available 65,523 SF Features
24 Hour Access
  • Atrium, Fenced Lot, Property Manager on Site, Signage, Skylights, Skyway, Wheelchair Accessible, Storage Space, Air Conditioning
Park Type Office Park
Total Space Available 65,523 SF
Park Type Office Park
Features
24 Hour Access
  • Atrium, Fenced Lot, Property Manager on Site, Signage, Skylights, Skyway, Wheelchair Accessible, Storage Space, Air Conditioning

ALL AVAILABLE SPACES(6)

Display Rental Rate as

Town Centre
221 3rd Ave SE
1,829 - 65,523 SF | $4.95 - $7.95 /SF/YR $0.41 - $0.66 /SF/MO $53.28 - $85.57 /m²/YR $4.44 - $7.13 /m²/MO $762.08 - $29,112 /MO $9,145 - $349,343 /YR
Building Type/Class
Office/A
Year Built
1991
Building Size
116,826 SF
Building Height
5 Stories
Typical Floor Size
23,365 SF
  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor, Ste 110
  • 8,041 SF
  • Negotiable
  • $5.95 /SF/YR $0.50 /SF/MO $64.05 /m²/YR $5.34 /m²/MO $3,987 /MO $47,844 /YR
  • Office
  • -
  • Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
  • 1st Floor, Ste 120
  • 1,829 SF
  • Negotiable
  • $5.00 /SF/YR $0.42 /SF/MO $53.82 /m²/YR $4.48 /m²/MO $762.08 /MO $9,145 /YR
  • Office
  • -
  • Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
  • 1st Floor, Ste 130
  • 1,936 SF
  • Negotiable
  • $7.95 /SF/YR $0.66 /SF/MO $85.57 /m²/YR $7.13 /m²/MO $1,283 /MO $15,391 /YR
  • Office
  • Partial Build-Out
  • Now
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221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 2
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221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 2
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Open plan ready for customization with ample natural light.

  • Lease rate does not include utilities, property expenses or building services
  • Natural Light
  • Move-in Specials and Competitive Deals
  • Open Floor Plan Layout
  • Open-Plan
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
  • 4th Floor, Ste 400
  • 5,532 SF
  • Negotiable
  • $6.95 /SF/YR $0.58 /SF/MO $74.81 /m²/YR $6.23 /m²/MO $3,204 /MO $38,447 /YR
  • Office
  • -
  • Now
1/4
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 4
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 4
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 3 of 4
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 4 of 4
Interior Photo

Vast space with an open plan ideal to fit ample workspaces.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • Open Floor Plan Layout
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
  • 4th Floor, Ste 410
  • 31,315 SF
  • Negotiable
  • $4.95 /SF/YR $0.41 /SF/MO $53.28 /m²/YR $4.44 /m²/MO $12,917 /MO $155,009 /YR
  • Office
  • -
  • Now
1/2
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 2
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 2
Interior Photo

Large open workspace that can be customized with lots of natural light from generous window lines.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
  • 5th Floor, Ste 501
  • 16,870 SF
  • Negotiable
  • $4.95 /SF/YR $0.41 /SF/MO $53.28 /m²/YR $4.44 /m²/MO $6,959 /MO $83,507 /YR
  • Office
  • -
  • Now
1/5
221 3rd Ave SE, Cedar Rapids, IA for lease Matterport 3D Scan- Image 1 of 5
Matterport 3D Scan
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 5
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 3 of 5
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 4 of 5
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221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 5 of 5
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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.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 110 8,041 SF Negotiable $5.95 /SF/YR $0.50 /SF/MO $64.05 /m²/YR $5.34 /m²/MO $3,987 /MO $47,844 /YR Office - Now
1st Floor, Ste 120 1,829 SF Negotiable $5.00 /SF/YR $0.42 /SF/MO $53.82 /m²/YR $4.48 /m²/MO $762.08 /MO $9,145 /YR Office - Now
1st Floor, Ste 130 1,936 SF Negotiable $7.95 /SF/YR $0.66 /SF/MO $85.57 /m²/YR $7.13 /m²/MO $1,283 /MO $15,391 /YR Office Partial Build-Out Now
4th Floor, Ste 400 5,532 SF Negotiable $6.95 /SF/YR $0.58 /SF/MO $74.81 /m²/YR $6.23 /m²/MO $3,204 /MO $38,447 /YR Office - Now
4th Floor, Ste 410 31,315 SF Negotiable $4.95 /SF/YR $0.41 /SF/MO $53.28 /m²/YR $4.44 /m²/MO $12,917 /MO $155,009 /YR Office - Now
5th Floor, Ste 501 16,870 SF Negotiable $4.95 /SF/YR $0.41 /SF/MO $53.28 /m²/YR $4.44 /m²/MO $6,959 /MO $83,507 /YR Office - Now
Town Centre
221 3rd Ave SE
1,829 - 65,523 SF | $4.95 - $7.95 /SF/YR $0.41 - $0.66 /SF/MO $53.28 - $85.57 /m²/YR $4.44 - $7.13 /m²/MO $762.08 - $29,112 /MO $9,145 - $349,343 /YR
Building Type/Class
Office/A
Year Built
1991
Building Size
116,826 SF
Building Height
5 Stories
Typical Floor Size
23,365 SF

221 3rd Ave SE - 1st Floor - Ste 110

Size
8,041 SF
Term
Negotiable
Rental Rate
$5.95 /SF/YR $0.50 /SF/MO $64.05 /m²/YR $5.34 /m²/MO $3,987 /MO $47,844 /YR
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 1st Floor - Ste 120

Size
1,829 SF
Term
Negotiable
Rental Rate
$5.00 /SF/YR $0.42 /SF/MO $53.82 /m²/YR $4.48 /m²/MO $762.08 /MO $9,145 /YR
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 1st Floor - Ste 130

Size
1,936 SF
Term
Negotiable
Rental Rate
$7.95 /SF/YR $0.66 /SF/MO $85.57 /m²/YR $7.13 /m²/MO $1,283 /MO $15,391 /YR
Space Use
Office
Condition
Partial Build-Out
Available
Now

221 3rd Ave SE - 4th Floor - Ste 400

Size
5,532 SF
Term
Negotiable
Rental Rate
$6.95 /SF/YR $0.58 /SF/MO $74.81 /m²/YR $6.23 /m²/MO $3,204 /MO $38,447 /YR
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 4th Floor - Ste 410

Size
31,315 SF
Term
Negotiable
Rental Rate
$4.95 /SF/YR $0.41 /SF/MO $53.28 /m²/YR $4.44 /m²/MO $12,917 /MO $155,009 /YR
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 5th Floor - Ste 501

Size
16,870 SF
Term
Negotiable
Rental Rate
$4.95 /SF/YR $0.41 /SF/MO $53.28 /m²/YR $4.44 /m²/MO $6,959 /MO $83,507 /YR
Space Use
Office
Condition
-
Available
Now

221 3rd Ave SE - 1st Floor - Ste 110

Size 8,041 SF
Term Negotiable
Rental Rate $5.95 /SF/YR
Space Use Office
Condition -
Available Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed

221 3rd Ave SE - 1st Floor - Ste 120

Size 1,829 SF
Term Negotiable
Rental Rate $5.00 /SF/YR
Space Use Office
Condition -
Available Now

Contact broker for more details.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
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221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 2
Suite 130
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 2
Suite 130

221 3rd Ave SE - 1st Floor - Ste 130

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221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 2
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 2
Interior Photo
Size 1,936 SF
Term Negotiable
Rental Rate $7.95 /SF/YR
Space Use Office
Condition Partial Build-Out
Available Now

Open plan ready for customization with ample natural light.

  • Lease rate does not include utilities, property expenses or building services
  • Open Floor Plan Layout
  • Natural Light
  • Open-Plan
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/4
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 4
Suite 400
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 4
Suite 400
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 3 of 4
Suite 400
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 4 of 4
Suite 400

221 3rd Ave SE - 4th Floor - Ste 400

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221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 4
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 4
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 3 of 4
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 4 of 4
Interior Photo
Size 5,532 SF
Term Negotiable
Rental Rate $6.95 /SF/YR
Space Use Office
Condition -
Available Now

Vast space with an open plan ideal to fit ample workspaces.

  • Lease rate does not include utilities, property expenses or building services
  • Open Floor Plan Layout
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/2
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 2
Suite 410
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 2
Suite 410

221 3rd Ave SE - 4th Floor - Ste 410

1/2
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 1 of 2
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 2
Interior Photo
Size 31,315 SF
Term Negotiable
Rental Rate $4.95 /SF/YR
Space Use Office
Condition -
Available Now

Large open workspace that can be customized with lots of natural light from generous window lines.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/5
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 5
Suite 501
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 3 of 5
Suite 501
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 4 of 5
Suite 501
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 5 of 5
Suite 501

221 3rd Ave SE - 5th Floor - Ste 501

1/5
221 3rd Ave SE, Cedar Rapids, IA for lease Matterport 3D Scan- Image 1 of 5
Matterport 3D Scan
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 2 of 5
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 3 of 5
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 4 of 5
Interior Photo
221 3rd Ave SE, Cedar Rapids, IA for lease Interior Photo- Image 5 of 5
Interior Photo
Size 16,870 SF
Term Negotiable
Rental Rate $4.95 /SF/YR
Space Use Office
Condition -
Available Now

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.

  • Lease rate does not include utilities, property expenses or building services
  • Move-in Specials and Competitive Deals
  • 215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed

SELECT TENANTS AT THIS PROPERTY

  • BSI Engineering
  • Provides engineering, design, and consulting services for various industries.
  • Hibu
  • Offers digital marketing solutions to help businesses improve online visibility and growth.
  • Savant Wealth Management
  • National financial planning and investment management firm for businesses and individuals.

PARK OVERVIEW

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!

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

ATTACHMENTS

215 3rd Ave, Cedar Rapids_Town Centre_Flyercompressed

DEMOGRAPHICS

Commute

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (78)

NEARBY AMENITIES

RESTAURANTS

The Coffee Emporium & Cafe Cafe $ 2 min walk
Cobble Hill American $$$$ 3 min walk
Lost Cuban Cuban $ 3 min walk
Grin N Goose American $$$ 3 min walk
Wasabi Japanese $$$ 3 min walk
Jimmy John's Fast Food $ 4 min walk
Rock Bar American Grill Steakhouse $$$ 6 min walk
Cellar 19 Wine & Deli - - 6 min walk
Black Sheep Social Club American $$$$ 9 min walk
Bari Italian Italian $$$ 13 min walk

RETAIL

Ymca Fitness 9 min walk
Cedar Rapids Day School Daycare 9 min walk
United States Postal Service Business/Copy/Postal Services 10 min walk

HOTELS

DoubleTree by Hilton
267 rooms
2 min drive
Fairfield Inn
92 rooms
6 min drive
Hampton by Hilton
105 rooms
6 min drive
Ramada
101 rooms
6 min drive
Holiday Inn Express
83 rooms
6 min drive

ABOUT THE OWNER

Woodcrest Capital, LLC is a diversified real estate, finance, oil and gas, and investment firm that acquires and develops real estate, makes distressed asset investments, and makes equity investments. Throughout its history, Woodcrest has been a developer and active purchaser of real estate and financial instruments, including undeveloped land, office buildings, shopping centers, apartments, and other commercial properties. Specializing in community and neighborhood lifestyle shopping centers, office buildings, and other commercial properties, Woodcrest has built and renovated properties throughout the U.S. and continues to develop. Woodcrest not only owns, but also operates, leases, and manages its properties. The fully-integrated operating platform is a powerful advantage toward Woodcrest’s commitment to maximizing the value of every property.
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MAP

ADDITIONAL PHOTOS

View Photo Class A Offices in Prime Downtown Location
View Photo Near City Hall and Alliant Energy Tower
View Photo Valuable Visibility at “3rd and 3rd”
View Photo Class A Office Building in the Heart of Cedar Rapids
View Photo Multi-Building Property With Unique Layouts
View Photo Exclusive Private Parking Garage Access
View Photo Connected to City Skywalk System
View Photo Walk to Top Restaurants and Lounges
View Photo Among Cedar Rapids’ Top Business Hubs
View Photo Inviting Entrance
View Photo Two Blocks From the Riverfront
View Photo Grand Stairs and Skylight Feature
View Photo Upcoming Mixed-Use Redevelopments Nearby
View Photo Modern Workspaces With Sophisticated Charm
View Photo Connected on Select Floors for Flexibility
View Photo South Renovated Facilities With Upscale Features
View Photo Vibrant Community of Professionals
View Photo Best-in-Class Management and Ownership
View Photo Seamless Connectivity to Downtown Destinations via Skywalk
View Photo Northwest Skywalk Access
View Photo Premium Build-Outs Available
View Photo Secure Building With 24/7 Access
View Photo Thriving Business Environment in Cedar Rapids
View Photo Landmark Property in a Growing Market
View Photo Sheltered Parking for Winter Months
View Photo Premier Downtown Cedar Rapids Address
View Photo Near Cobble Hill and Iowa Brewing
View Photo Unmatched Convenience and Connectivity
View Photo Close to Parks, Trails, and Riverfront
View Photo Bird's Eye View
View Photo Secure, Full Access Control System
View Photo On-Site Management for Unmatched Support
View Photo Grand Stairs and Skylight Feature
View Photo High-End Finishes and Thoughtful Design
View Photo Ready for Customization
View Photo Grand Stairs and Skylight Feature
View Photo Tailored Leasing to Fit Business Needs
View Photo Move-In-Ready Offices and Executive Suites
View Photo Open Layouts and Built-Out Offices
View Photo Basement Storage Available for Tenants
View Photo Dynamic Workspaces for Modern Professionals
View Photo Tenant-Only Access to Private Facilities
View Photo Flexible Floor Plans for Various Users
View Photo Future-Focused Office Spaces Available
View Photo Close to Mercy Medical Center and CRST Headquarters
View Photo Walk to Top Restaurants and Lounges
View Photo Steps From Mays Island and McGrath Amphitheatre
View Photo Specialty Suites With Modern Finishes
View Photo Sophisticated Spaces With a Professional Atmosphere
View Photo Surrounded by Cedar Rapids’ Best Attractions
View Photo Skywalk Connecting Office Buildings
View Photo Located in the Heart of Downtown
View Photo Surrounded by Retail and Restaurant Amenities
  • Listing ID: 34333914

  • Date on Market: 12/12/2024

  • Last Updated: 7/2/2025

  • Address: 221 3rd Ave SE, Cedar Rapids, IA 52401