808 3rd Ave SE

For Sale

808 3rd Ave SE, Cedar Rapids, IA 52401

This Cedar Rapids property for sale is located at 808 3rd Ave SE. The general use of 808 3rd Ave SE is retail and it incorporates 7,300 square feet of class B retail space. The current listed sale price for 808 3rd Ave SE is $575,000. 808 3rd Ave SE is situated on a lot that is 0.3 acre in size.

Contacts

broker
Adam Gibbs, SIOR

GLD Commercial

Property Details

  • 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

Getting around

  • 83/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Adam Gibbs, SIOR

GLD Commercial

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