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501 4th Ave SE
Cedar Rapids, IA 52401
Annex on The Square · Retail Property For Lease
Property Facts
| Total Space Available | 1,437 SF | Apartment Style | Mid-Rise |
| No. Units | 224 | Building Size | 224,000 SF |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Total Space Available | 1,437 SF |
| No. Units | 224 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 224,000 SF |
| Year Built | 2024 |
About the Property
Ground-floor retail space available along 4th Avenue in one of Downtown Cedar Rapids’ newest mixed-use developments, Annex on the Square. The property offers exceptional vehicular and pedestrian access and is positioned directly across 5th Street from the Cedar Rapids Public Library, benefiting from strong daily traffic generated by the surrounding downtown core. This space represents the only retail opportunity within Annex on the Square, providing exclusive access to the 217 residential units and hundreds of on-site residents. The offering is well-suited for restaurant, health and wellness, financial services, and other service-oriented retail users seeking a built-in customer base. TI allowance could be available based on lease term and tenant financial qualifications. Downtown Cedar Rapids continues to experience significant development momentum, highlighted by several major projects, including the $275 million Cedar Crossing Casino (scheduled to open Q1 2027), the $30 million Guaranty Bank redevelopment, and Loftus Apartments, a $36 million mixed-use project featuring 186 apartment units with ground-floor retail along 3rd Street.
