For Sale

808 3rd Ave SE

808 3rd Ave SE, Cedar Rapids, IA 52401

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.

Key features

  • Located in Cedar Rapids' MedQuarter
  • Stabilized investment opportunity
Want more info on this listing?

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

Contacts

Adam Gibbs, SIOR

GLD Commercial

Building Details

  • For Sale $575,000
  • 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 May 19, 2026

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (84)

  • Transit Score ®

    Some Transit (37)

  • Bike Score ®

    Very Bikeable (73)
Powered by Walk Score ®

Location

  • City Cedar Rapids, IA
  • Zip Code 52401

Points of Interest

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

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

Big Z's Car Wash

1.66 miles

Mt. Vernon Car Wash

2.11 miles

Five Seasons Detail

2.21 miles

Washmohr Car Wash

2.30 miles

Sparkling Image Car Wash

2.39 miles

Enterprise

3.04 miles

Tommy's Express Car Wash

3.08 miles

Mister

3.21 miles

Hertz

3.25 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

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

Cedar Rapids Fire Department Central Station

0.11 miles

Mercy Care Downtown

0.15 miles

UnityPoint Health Work Well Clinic Therapy Plus

0.16 miles

Medical Plaza

0.22 miles

Family Practice Associates

0.25 miles

Mercy Medical Center

0.25 miles

Helen G. Nassif Center for Woman's & Children's Health

0.29 miles

Saint Lukes Surgery Center

0.29 miles

Saint Luke's Hospital

0.32 miles

808 3rd Ave SE Listing Summary

  • What is the asking price at 808 3rd Ave SE?

    808 3rd Ave SE is currently listed for sale at Contact for pricing.

  • What is the total size of 808 3rd Ave SE?

    808 3rd Ave SE has a total of 7,300 square feet.

  • What is the year built for 808 3rd Ave SE?

    The year built for 808 3rd Ave SE is 1948.

Contact Listing Broker
Adam Gibbs, SIOR

GLD Commercial

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