Contact us: 563.441.1776
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1898
General Information
County: Linn
Listed By:
Pinnacle Realty LLC
Trev Adair
319-393-0900
Cedar Rapids MLS
MLS ID: 2602504
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219 16th Avenue Se, Cedar Rapids, IA 52401.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $425,000 | $425,000 | $425,000 |
| Down Payment | $85,000 | $14,875 | $106,250 |
| Monthly Mortgage Amount | $2,093 | $2,603 | $2,647 |
| Taxes | $591 | $591 | $591 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $187 | $0 |
| Monthly Estimated Total | $2,808 | $3,505 | $3,362 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/24/2026. The listing information on this page last changed on 05/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 05/24/2026 12:51:40 PM EST) or MRED MLS (last updated Sun 05/24/2026 12:48:44 PM EST) or SCWMLS (last updated Sun 05/24/2026 12:50:48 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 05/24/2026 12:02:51 PM EST) or Cedar Rapids MLS (last updated Sun 05/24/2026 12:49:47 PM EST) or NEIRBR MLS (last updated Sun 05/24/2026 12:49:58 PM EST) or ICAAR MLS (last updated Sun 05/24/2026 12:47:45 PM EST) or ECIMLS (last updated Sun 05/24/2026 12:48:31 PM EST) or RMLSA (last updated Sun 05/24/2026 12:40:57 PM EST) or Muscatine MLS (last updated Sun 05/24/2026 12:46:57 PM EST) or No Coast MLS (last updated Sun 05/24/2026 12:44:20 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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