$4,572

closing credit¹

821 3rd Ave SE Cedar Rapids, IA 52403

$385,000
3 beds
2 full, 4 partial
5,891 sqft
0.2 acres
$65 / sqft
House

Property details

About 821 3rd Ave SE

The ideas are limitless with this property! What was once a successful restaurant, is ready for new owners with new business. Prime location Centralized between downtown, Newbo and both hospitals for maximum exposure. Commercial elevator still works for moving large items between floors. Newly installed steel roof. Well maintained brick exterior. Main level is for entertaining guests, with full service kitchen and bar, multiple eating areas and bathrooms. Gorgeous light fixtures and tons of character throughout! Multiple entrances at front and rear of the building, allowing different operations at once. LL is mainly storage space, and lots of it. Furniture and appliances inside will stay with the sale. Upper 2 levels are all living area, with full kitchen, dining, bar, bedrooms, bathrooms and unique loft beds. Very well insulated! You don't want to miss this one! Selling AS-IS. Up to 48 hour for response for all offers.

Highlights

Home typeSingle Family Residence
HeatingZoned, Forced Air, Natural Gas
StatusActive
CoolingZoned, Central Air, Wall/Window Unit(s)
Size5,891 sqft
BasementYes
Lot size0.193 Acres
Year built1870
ParkingAttached, Garage, Guest, Off Street
MLS #2500339
Garage1 space
FireplaceInsert, Family Room, Gas, Great Room

Virtual tour

Summary

  • MLS Number: 2500339
  • MLS Name: CDR
  • Office Name: Pinnacle Realty LLC
  • Office Phone: (319) 393-0900
  • Office Email: bfrink@pinnaclerealtyia.com
  • Listing Agent: Ashley Letsch

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of home

$385,000

821 3rd Ave SE

$4,572

closing credit¹

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Price information

Property sales

DateEventPrice
Aug 05, 2021
Home Sold
$54,000
Sep 05, 2012
Home Sold
$275,000

Tax history

YearAssessmentProperty Tax
2020$361,300$12,468
2018$225,100$5,922

History based on county public records data.

Nearby schools

1

Johnson STEAM Academy

Public District KG-5

0.8 mi

355 18th St SE

1

Taylor Elementary

Public District PK-5

1.3 mi

720 7th Ave SW

3

Garfield Elementary

Public District KG-5

1.4 mi

1201 Maplewood Dr NE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $28,750. Most Cedar Rapids, IA residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

59%
<35k
38%
35k-100k
2%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

91%
Single, No Kids
3%
Single, with Kids
4%
Married, No Kids
2%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

5%
<11 yrs old
1%
12-17 yrs old
34%
18-34 yrs old
41%
35-64 yrs old
19%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • SoccerSoccer
  • NBA/WNBANBA/WNBA

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Forever 21Forever 21
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Dominos PizzaDominos Pizza
  • StarbucksStarbucks

What do the neighbors drive?

  • BuickBuick
  • MazdaMazda
  • PontiacPontiac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
All data provided by Home Junction and Claritas

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Frequently asked questions

About 821 3rd Ave SE

This home is located at 821 3rd Ave SE in Cedar Rapids, IA and zip code 52403 in the Oakhill Jackson neighborhood. This 5,891 square foot home, which was built in 1870, sits on a 0.19 acre lot. Features: 3 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $385,000.

While more than 32 listings in Cedar Rapids, IA in December 2024 were sold above asking price, there were more than 31 listings sold at asking price, and more than 102 were sold below. The number of listings in Cedar Rapids, IA decreased by 16.2% between November and December 2024. In December 2024 median list price was $199,571 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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