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
Sold for $245,000 on 10/24/25
Zestimate®
$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
$245,000 Zestimate®
$42/sqft
$2,221 Estimated rent
Owner options
What's special
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#: 2507937
Originating 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
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$245,000
2% more+$4,900
With Zillow Showcase(estimated)$249,900