219 16th Avenue SE Cedar Rapids, IA 52401
Retail
MLS #: 2602504
Courtesy Of Pinnacle Realty LLC
Property InformationDescription
Investment | Sale / Leaseback Opportunity 219 16th Ave SE | Former Bomac's | Cedar Rapids, IA Rare opportunity to acquire a historic mixed-use property in the heart of the New Bohemia/Czech Village district. This character-filled building offers restaurant/bar potential, immediate income, and long-term upside. Includes adjacent parcel at 223 16th Ave SE (0.07 acres) with green space, picnic tables, and a park-like setting-ideal for patio or event use. Seller is willing to lease back the main level at $3,400/month, providing immediate income. The second floor features a 2 bed/2 bath apartment rented month-to-month at $625/month (tenant would prefer to stay). Offered at $425,000, this property combines historic charm, outdoor space, and strong investment potential in one of Cedar Rapids' most active districts.
Features
- Age: Over 50 Years Old
- Exterior Type: Concrete Block
- Exterior Type: Frame
- Floor Covering: Wood
- Legal Description: J C May's (Less SE14') SW 52.5' MEAS on NW LN STR/LB 19 33
- MLSID: 2602504
- Roof Type: Membrane
- Rooms: Basement
MAP & DIRECTIONS
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