Leased Storefront with
For Lease
$575,000 Modified Gross
808 3rd Avenue Se, Cedar Rapids, IA 52401
Occupied retail space with a modified gross lease and recent building-system improvements.
Space SizeContact for details
Days on Market54
Property Features for 808 3rd Avenue Se
General Information
Standard status
Active
Property subtype
Commercial
Zoning
UNG
Building Details
Year Built
1948
Stories
2
Listing Agency:
GLD COMMERCIAL
Listed By:
Adam Gibbs · License #B43857000
(319) 731-3415
Source:
Q4realestate
Added: Jul 11
Changed: Aug 29
Last Checked: Sep 2 at 1:17PM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
This 1948 storefront property is occupied by Gilded Pear Gallery, which has operated at the location since 2013 and recently extended its lease. The building includes a mezzanine served by a newer HVAC system, while the overall property benefits from a roof replacement completed in 2021 and a parking lot overlay finished in 2024.
The modified gross lease assigns capital expenses and building insurance to the landlord. The tenant is responsible for real estate taxes, snow removal, lawn care, HVAC, plumbing, electrical service, and all utilities. The property is located in the MedQuarter area of downtown Cedar Rapids and is zoned UNG.
The modified gross lease assigns capital expenses and building insurance to the landlord. The tenant is responsible for real estate taxes, snow removal, lawn care, HVAC, plumbing, electrical service, and all utilities. The property is located in the MedQuarter area of downtown Cedar Rapids and is zoned UNG.
Key Highlights
- Gilded Pear Gallery has occupied the storefront since 2013 and recently extended its lease
- Modified gross lease structure with tenant responsibility for taxes, maintenance, systems, and utilities
- New roof installed in 2021 with a 10‑year warranty
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Lease Benchmarks for Cedar Rapids, IA
$19.5 /SF/Yr
Avg Asking Price
$12–$33 /SF/Yr
Price Range
24,746 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Occupied retail space with a modified gross lease and recent building-system improvements.
Where is this storefront property located?
The property is located at 808 3rd Avenue Se Cedar Rapids, IA.
What is the lease rate?
The lease rate is $575,000.
What are key features of this property?
This property features: Gilded Pear Gallery has occupied the storefront since 2013 and recently extended its lease; Modified gross lease structure with tenant responsibility for taxes, maintenance, systems, and utilities; New roof installed in 2021 with a 10‑year warranty
