The Roosevelt
Building Overview
The Roosevelt is located in the heart of the downtown Cedar Rapids at the lighted intersection of 1st Avenue NE and 2nd Street NE. This historic property has been renovated to accommodate retail, restaurants, and office tenants on the first floor, with 95 residential rental units in the floors above. Current tenants include a convenience store and a restaurant.
For sale or leasing inquiries, please contact Ben Kepple of Sherman Associates.
Ben Kepple – Bkepple@Sherman-Associates.com – 612-843-4628
Leasing Information
Availability
Suite 110 – 2,387 sf
Suite 115 – 5,254 sf
Suite 120 – 2,904 sf
Suite 122 – 2,745 sf
Price / Net Rent
$11.00 – $12.00 psf NNN
Operating Expenses
$7.21 psf/year (CAM $2.84, Tax $3.82, Insurance $0.55)
General Location
The NEQ of 1st Ave NE and 2nd St SE on the northwest side of downtown Cedar Rapids
Use / Permitted Uses
Restaurant, retail or office space on first floor
Daytime Population
23,965 (1 mile) and 56,966 (3 miles)
Utilities
Separately metered and billed to Tenant
Access
Easy access to I-380. 1st Avenue NE is one of the primary east-west corridors through downtown
Parking
Parking ramp located directly contiguous to the building, and abundant metered on-street parking
Public Transportation
Located on Public Transit Bus route
Contacts
Leasing Contact:
Ben Kepple, Director of Commercial Leasing
612-843-4628
Bkepple@Sherman-Associates.com
Management Contact:
Angie Opstad, Senior Commercial Property Manager
763-350-7143
Aopstad@Sherman-Associates.com