808 3rd Ave 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 A/C
Flooring
Concrete Slab/Grade, Carpet
Heating
Gas, Central
Taxes
$12,974 Taxes

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808 3rd Ave SeCedar Rapids, IA 52401