Property 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.

Features
: Central
: Central Air
: Wood
: Electricity Available, Natural Gas Available
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52401
16th
219
Avenue
W92° 20' 35.1''
N41° 58' 6.7''
From the post office head SE on 7th St SE, Rt on 12th Ave SE, Lt on 5th St SE, Rt on 16th Ave SE
SE Quadrant
SE
Comm
MLS Addon
Pinnacle Realty LLC
Trev Adair
Sqft0
Sqft0
Sqft0
Sqft0
Sqft0
Additional Information
Restaurant
: Frame, Block, Concrete
220 Volts
: Two
.075 Acre
2026-04-10
725000
2
2
https://www.propertypanorama.com/instaview/cdr/2602504
Listing Information
adairtrev121
CPINN
Cash
Active
2026-04-25T17:13:51Z
CDR
2026-04-10T08:02:48Z

219 16th Avenue Se, Cedar Rapids, Iowa 52401 - Commercial Sale For Sale

219 16th Avenue Se, Cedar Rapids, Iowa 52401

4,647 Sqft
$425,000
Listing ID #2602504
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2602504
Price : $425,000
Square Footage : 4,647 Sqft
Year Built : 1898
Lot Area : 0.08 Acre
Status : Active
Property Sub Type : Retail
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent