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Brick-Veneer Restaurant Building
For Lease
$480,000

216 8th Street Se, Cedar Rapids, IA 52401

Restaurant property near Cedar Rapids’ medical district and downtown area.

Space SizeContact for details
Days on Market52

Property Features for 216 8th Street Se

General Information

Standard status Active
Property subtype Commercial
Zoning Com

Building Details

Year Built 1915
Listing Agency: SKOGMAN REALTY
Listed By: Kerrie Merck
Source: Q4realestate
Added: Jul 10 Changed: Aug 29 Last Checked: Aug 29 at 2:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SKOGMAN REALTY

Investment Insights

Based on property information with market context.

This conventional restaurant property is housed in a building constructed in 1915. The improvements feature a brick veneer exterior and membrane roofing, with an accompanying parking lot supporting the site’s restaurant configuration.

The property is located at 216 8th Street SE in Cedar Rapids, near the medical district and downtown. Its established setting and dedicated parking provide the core physical components identified for the restaurant use.

Key Highlights

  • Conventional restaurant property at 216 8th Street SE, Cedar Rapids, Iowa 52401
  • Building constructed in 1915
  • Brick veneer exterior

Property Analytics

Current Use

Phong Lan Restaurant Restaurant

Suggested Use

Top Pick Auto Parts Store Barber Shop (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,746
Businesses Nearby
Under-served
Demand for This Use

Demographics for 52401, IA

2,320
Population
1,480
Households
1.6
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
1.2 sq mi
ZIP Area
1,933
Density / Sq Mi
$40,675
Median Household Income
$38,635
Median Earnings
$783
Median Rent
$143,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property near Cedar Rapids’ medical district and downtown area.
Where is this conventional restaurant located?
The property is located at 216 8th Street Se Cedar Rapids, IA.
What is the lease rate?
The lease rate is $480,000.
What are key features of this property?
This property features: Conventional restaurant property at 216 8th Street SE, Cedar Rapids, Iowa 52401; Building constructed in 1915; Brick veneer exterior
More about this property
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