808 3rd Ave SE

808 3rd Ave SE, Cedar Rapids, IA 52401

  • For Sale $575,000
  • Property Type Retail - Freestanding
  • Property Size 7,300 SF
  • Lot Size 0.3 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1948
  • Date Updated Aug 14, 2025
Located right off I-380 in the MedQuarter, with two nationally recognized hospitals, a surgical center and more than 100 health care providers, plus dining, shopping, entertainment and many additional conveniences.Own a piece of the MedQuarter in downtown Cedar Rapids with this stabilized investment opportunity. Priced to reflect a 9% cap rate, this property is occupied by Gilded Pear Gallery, a long-term tenant since 2013 who recently extended their lease. The lease is structured as Modified Gross, with the Landlord responsible for capital expenses and building insurance, while the Tenant covers real estate taxes, snow removal, lawn care, HVAC, plumbing, electrical, and all utilities—providing a low-maintenance ownership structure. Recent capital improvements include a new roof installed in 2021 with a 10-year warranty, new HVAC system servicing the mezzanine, and a fresh parking lot overlay completed in 2024. Please contact listing agents for more details.
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Highlights

  • Located in Cedar Rapids' MedQuarter
  • Stabilized investment opportunity

Contacts

broker
Adam Gibbs, SIOR

GLD Commercial

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    36/100 Some Transit

  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Cedar Rapids, IA
  • Zip Code 52401

Points of Interest

  • Kum & Go

    0.50 miles

  • ChargePoint

    0.56 miles

  • Casey's General Store

    0.58 miles

  • Fas Fuel

    0.61 miles

  • Sinclair - Hawkeye

    0.78 miles

  • Conoco

    0.94 miles

  • Caseys

    1.13 miles

  • Tesla Supercharger

    1.73 miles

  • Hy-Vee Gas Station

    1.78 miles

  • Kwik Shop

    1.80 miles

  • Immaculate Conception Catholic Church Parking

    0.10 miles

  • Five Seasons Parking Ramp

    0.33 miles

  • 3rd Avenue Ramp

    0.34 miles

  • GTC Ramp

    0.46 miles

  • Lot 9

    0.49 miles

  • Lot 10

    0.49 miles

  • Paramount Lot

    0.50 miles

  • Lot 12

    0.53 miles

  • CRST Parking Garage

    0.55 miles

  • May's Island Ramp

    0.64 miles

  • Phong Lan Vietnamese Restaurant

    0.02 miles

  • Saigon Market

    0.04 miles

  • Tipsy Tomato

    0.13 miles

  • Allure

    0.15 miles

  • Moose McDuffy's

    0.16 miles

  • Taco Bell

    0.19 miles

  • Via Sofia's

    0.27 miles

  • Bricks Bar & Grill

    0.34 miles

  • Teeghans Ice Bar

    0.37 miles

  • The Map Room

    0.39 miles

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

    0.65 miles

  • Babanur International Grocery

    0.66 miles

  • Hy-Vee

    0.72 miles

  • New Pioneer Food Co-Op

    2.18 miles

  • Town and Country Shopping Center

    2.73 miles

  • Fareway

    2.81 miles

  • Our Himalayan Store

    2.94 miles

  • Kohl's

    3.37 miles

  • TJ Maxx

    3.42 miles

  • Cassil Motors

    3.47 miles

Frequently Asked Questions

How much does 808 3rd Ave SE cost?

The space currently listed for sale at 808 3rd Ave SE asks for $575,000.

What is the total square footage of 808 3rd Ave SE?

808 3rd Ave SE totals 7,300 square feet.

When was this property built?

808 3rd Ave SE was built in 1948.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Adam Gibbs, SIOR

GLD Commercial

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