808 3rd Avenue Se
Cedar Rapids, IA 52401

$575,000

7,300
Square Feet

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...read more

Property Highlights

Cooling
Central Air
Flooring
Carpet, Concrete
Heating
Central, Gas
Stories
2.0 Stories
Year Built
Built in 1948

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/27/2026. The listing information on this page last changed on 08/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 08/27/2026 12:01:21 AM EST) or MRED MLS (last updated Wed 08/26/2026 11:58:04 PM EST) or SCWMLS (last updated Wed 08/26/2026 11:55:45 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 08/26/2026 10:15:51 PM EST) or Cedar Rapids MLS (last updated Wed 08/26/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Wed 08/26/2026 11:58:44 PM EST) or ICAAR MLS (last updated Wed 08/26/2026 11:37:42 PM EST) or ECIMLS (last updated Wed 08/26/2026 11:44:36 PM EST) or RMLSA (last updated Wed 08/26/2026 11:50:59 PM EST) or Muscatine MLS (last updated Thu 08/27/2026 12:00:13 AM EST) or No Coast MLS (last updated Wed 08/26/2026 11:54:25 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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808 3rd Avenue SeCedar Rapids, IA 52401