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About This Home
This 0-bedroom, 0-bathroom commercial at 219 16th Avenue SE in Cedar Rapids, IA is listed for $425,000 ($91 per sqft). Built in 1898, the home offers 4,647 sqft of living space on a 0.07 acres lot.
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.
Key Features
- Built in 1898
- 0.07 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
219 16th Avenue SE
Cedar Rapids, IA 52401
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 219 16th Avenue SE is listed at $425,000 ($91/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.
Key features include: Built in 1898, 0.07 acre lot.
This property is listed by Trev Adair and can be reached at (319) 350-9476 or trev@pinnaclerealtyia.com.
