Matt Greene

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219 16th Avenue SECedar Rapids, IA 52401

Commercial · 4,647 Sq. ft. | 0.08 Acres
$425,000 Active

219 16th Avenue SE Overview

Time on Site:
81 days
Visits:
57

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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219 16th Avenue SE Facts & Features

  • Type Commercial
  • Sq. ft. 4,647
  • Price/Sq.ft. $91
  • Lot 0.08 Acres

Details

General

Building Information

  • Year Built: 1898

Business Information

  • Business Name: Bomacs
  • Business Type: Restaurant

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: SE Quadrant
  • Postal City: Cedar Rapids

Rent/Lease Information

  • Lease Amount: 3400.0
  • Lease Considered: false
  • Tenant Pays: Common Area Maintenance,Electricity,Gas,Heat,Water

General Information

  • Inclusions: Building,Land
  • Listing Terms: Cash
  • Parcel Number: 142733000600000
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Zoning: Comm

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: true
  • Building Features: Kitchen Facilities,Multi-Tenant,Private Restrooms
  • Electric: 220 Volts
  • Flooring: Wood
  • Levels: Two
  • Living Area: 4647.0
  • Stories: 2
  • Stories Total: 2
  • Window Features: Display Window(s)

Exterior

Lot Information

  • Lot Size Dimensions: .075 Acre
  • Lot Size Units: Acres

Building Exterior/Construction

  • Construction Materials: Block,Frame,Concrete
  • Roof: Membrane

General Information

  • Utilities: Electricity Available,Natural Gas Available

219 16th Avenue SE Neighborhood

Community

52401 (CEDAR RAPIDS) Demographics

34
Median Age
1,624
Population Density (per sq. mile)
46%
College Educated
$39,361
Estimated Median Income
242
Estimated Total Home Owners
901
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

219 16th Avenue SE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

219 16th Avenue SE Market Data

Based on the last 30 days in this zip code

$350,204
Average List Price
$244
Average Price per Square Foot
2
Properties Sold
75
Average Days on Market
11
Properties for Sale
Calculations provided by Reliance Network

219 16th Avenue SE History

Date Event Value Agent
4/25/2026Source: Cedar Rapids Area MLS Price Reduction
$425,000 -41.4%
4/10/2026Source: Cedar Rapids Area MLS Added to Database
April 10, 2026
Listing provided courtesy of Pinnacle Realty LLC- MLS# 2602504MLS Provider