Downtown Retail Storefront
For Sale
$575,000
808 3rd Avenue SE, Cedar Rapids, IA 52401
Occupied retail property with a long-term gallery tenant and recently completed roof, HVAC, and parking improvements.
Property Size7,300 SF
Price / SF$78.77
Days on Market390
Property Features for 808 3rd Avenue SE
General Information
Standard status
Active
Size
7,300 SF
Property subtype
Commercial
Zoning
UNG
Additional Details
Cap Rate
9%
Taxes and HOA fees
Annual Taxes
$12,974
Amenities
Carpet,Concrete
Yes
2
No
Display Window(s)
Storage
Building,Land
Public
0.3
.3 Ac
Off Street
Building Details
Year Built
1948
Stories
2
Tenancy
Single
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 430-2711
Listed By:
Delmar Yoder
(319) 430-2711
Source:
Pinnaclerealtyia
Added: Aug 6, 2025
Changed: Aug 29
Last Checked: Jul 4 at 6:28PM
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 Real Estate Advisors
Investment Insights
Based on property information with market context.
This 7,300-square-foot retail storefront was built in 1948 and is occupied by Gilded Pear Gallery, a tenant in place since 2013 with a recently extended lease. The property includes a mezzanine served by a new HVAC system and operates under a Modified Gross lease structure.
Capital improvements include a roof installed in 2021 with a 10-year warranty and a parking lot overlay completed in 2024. The lease assigns real estate taxes, snow removal, lawn care, HVAC, plumbing, electrical, and all utilities to the tenant, while the landlord remains responsible for capital expenses and building insurance. The property is located at 808 3rd Ave SE in downtown Cedar Rapids’ MedQuarter.
Capital improvements include a roof installed in 2021 with a 10-year warranty and a parking lot overlay completed in 2024. The lease assigns real estate taxes, snow removal, lawn care, HVAC, plumbing, electrical, and all utilities to the tenant, while the landlord remains responsible for capital expenses and building insurance. The property is located at 808 3rd Ave SE in downtown Cedar Rapids’ MedQuarter.
Key Highlights
- 7,300‑square‑foot retail storefront built in 1948
- Gilded Pear Gallery has occupied the property since 2013 and recently extended its lease
- Modified Gross lease structure with tenant responsibility for taxes, utilities, and operating services
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
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 property with a long-term gallery tenant and recently completed roof, HVAC, and parking improvements.
Where is this storefront property located?
The property is located at 808 3rd Avenue SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 7,300‑square‑foot retail storefront built in 1948; Gilded Pear Gallery has occupied the property since 2013 and recently extended its lease; Modified Gross lease structure with tenant responsibility for taxes, utilities, and operating services
