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Sold for $245,000
    • $245,000

    821 3rd Ave SE, Cedar Rapids, IA 52403

    3beds
    5,891sqft
    Single Family Residence
    Built in 1870
    8,407.08 Square Feet Lot
    $245,800 Zestimate®
    $42/sqft
    $2,972 Estimated rent

    Home value

    $245,800

    $234,000 - $258,000

    $2,972/mo

    Zestimate® history
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    What's special

    his property presents endless opportunities! Formerly a thriving restaurant, it is now poised for new ownership and a fresh business venture. Strategically located in a central hub between downtown, Newbo, and both hospitals, ensuring maximum visibility. A functional commercial elevator facilitates the transportation of large items between floors. Recently installed steel roof and meticulously maintained brick exterior. The main level is designed for guest entertainment, boasting a full-service kitchen, bar, multiple dining areas, and restrooms. Exquisite light fixtures and an abundance of character permeate throughout. Multiple entrances at the front and rear enable simultaneous operations. The lower level primarily serves as storage space, with ample room. Included in the sale are the furnishings and appliances. The upper two levels provide living areas, complete with a full kitchen, dining space, bar, bedrooms, bathrooms, and distinctive loft beds. This is an opportunity not to be missed! Selling AS IS

    Zillow last checked: 8 hours ago

    Listing updated: October 24, 2025 at 09:56am

    Listed by:

    Ashley Letsch 319-450-8785,

    Pinnacle Realty LLC

    Bought with:

    Curtis Cleveland

    Realty87

    Source: CRAAR, CDRMLS,MLS#: 2507937MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 6
    • Full bathrooms: 2
    • 1/2 bathrooms: 4
    Other
    • Level: Second
    Heating
    • Zoned, Forced Air, Gas
    Cooling
    • Zoned, Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Gas Water Heater, Range, See Remarks
    Features
    • Dining Area, Separate/Formal Dining Room, Upper Level Primary
    • Basement: Full
    • Has fireplace: Yes
    • Fireplace features: Insert, Family Room, Gas, Great Room
    Interior area
    • Total interior livable area: 5,891 sqft
    • Finished area above ground: 5,891
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached, Garage, Guest, Off Street
    • Attached garage spaces: 1
    Lot
    • Size: 8,407 sqft
    • Dimensions: 60 x 140
    Details
    • Parcel number: 142147600400000
    • Zoning: Comm/Res
    • Zoning description: Comm/Res

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick, Frame, Masonry, Stone, Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1870

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Security System
    Location
    • Region: Cedar Rapids

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    10/24/2025Sold$245,000-2%$42/sqft
    Source: CRAAR, CDRMLS #2507937 Report a problem
    10/3/2025Pending sale$250,000$42/sqft
    Source: CRAAR, CDRMLS #2507937 Report a problem
    9/18/2025Listed for sale$250,000-24.5%$42/sqft
    Source: CRAAR, CDRMLS #2507937 Report a problem
    9/1/2025Listing removed$331,000$56/sqft
    Source: CRAAR, CDRMLS #2500339 Report a problem
    7/8/2025Price change$331,000-5.4%$56/sqft
    Source: CRAAR, CDRMLS #2500339 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$10,072 +8.5%$415,200 -1%
    2023$9,286 -30.3%$419,500 +16.1%
    2022$13,327 +6.9%$361,200

    Find assessor info on the county website

    Neighborhood: Oakhill Jackson

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Grant Wood
    • Middle: McKinley
    • High: Washington

    Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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