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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 mezzanine, and a fresh parking lot overlay completed in 2024. Please contact listing agents for more details.
| DAYS ON MARKET | 117 | LAST UPDATED | 8/11/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | OutOfArea |
| COUNTY | Linn | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | OutOfArea |
| CONSTRUCTION | Block |
| HEAT | Central, Natural Gas |
| LOT | 0.3 acre(s) |
| TAXES | 12974 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Adam Gibbs, GLD Commercial Real Estate Advisors
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