Description
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.
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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4,647SQFT
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$91$/SQFT
School Ratings & Info
Description
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.