This 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
For sale
Price cut: $28K (5/1)
$350,000
821 3rd Ave SE, Cedar Rapids, IA 52403
3beds
5,891sqft
Est.:
Single Family Residence
Built in 1870
8,407.08 Square Feet Lot
$345,500 Zestimate®
$59/sqft
$-- HOA
What's special
Well maintained brick exteriorUnique loft bedsGorgeous light fixturesFull service kitchenEntertaining guestsNewly installed steel roof
- 128 days
- on Zillow |
- 784 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 05:36pm
Listed by:
Ashley Letsch 319-450-8785,
Pinnacle Realty LLC
Source: CRAAR, CDRMLS,MLS#: 2500339
Originating MLS: Cedar Rapids Area Association Of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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)
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
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage, Guest, Off Street
- Garage spaces: 1
Lot
- Size: 8,407.08 Square Feet
- 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 & HOA
Community
- Security: Security System
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $415,200
- Annual tax amount: $8,798
- Date on market: 1/15/2025
- Listing terms: Cash,Conventional
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