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 office and it incorporates 7,300 square feet of class B office 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

Adam Gibbs, SIOR

GLD Commercial

Property Details

  • Property Type Office - General Office
  • Property Size 7,300 SF
  • Lot Size 0.3 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1948
  • Date Updated Jun 5, 2026
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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Located in Cedar Rapids' MedQuarter
  • Stabilized investment opportunity

Attachments

Getting around

  • 84/100

    Walk Score ®

  • 37/100

    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

  • DoubleTree by Hilton Hotel Cedar Rapids Convention Complex

    0.37 miles

  • Doubletree Hilton

    0.44 miles

  • Red Roof Inn

    2.50 miles

  • Aspen Inn

    2.51 miles

  • Economy Inn & Suites Cedar Rapids

    2.55 miles

  • Quality Inn South

    2.59 miles

  • Super 8 by Wyndham Cedar Rapids

    2.61 miles

  • Hampton Inn Cedar Rapids

    2.62 miles

  • Hometown Inn & Suites

    2.65 miles

  • Fairfield Inn & Suites Cedar Rapids

    2.69 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

Contact Listing Broker
Adam Gibbs, SIOR

GLD Commercial

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.