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Bo Mac's - Mixed Use Building 219 16th Ave SE 4,647 SF 100% Leased Retail Building Cedar Rapids, IA 52401 $593,793 CAD ($127.78 CAD/SF)
Executive Summary
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 Cedar Rapids’ New Bohemia/Czech Village district. Formerly home to Bomac’s, this character-filled building offers a strong combination of restaurant/bar potential, built-in income, and future upside.
The property includes the adjacent parcel at 223 16th Ave SE, a 0.07-acre lot currently improved with green space, picnic tables, and a park-like outdoor seating area—an ideal amenity for restaurant, patio, or event use.
The seller is interested in a leaseback and is willing to lease the main level for restaurant use at $3,400/month, creating immediate income for an investor. The second floor features a spacious 2-bedroom, 2-bath apartment, currently occupied by a month-to-month tenant paying $625/month.
With a $425,000 asking price, historic charm, outdoor space, and multiple income streams, this property is well-positioned for an investor, looking to establish a presence in one of Cedar Rapids’ most recognizable and fastest growing entertainment and cultural districts.
Sale / Leaseback | Investment Highlights:
Seller is interested in a leaseback and is willing to sign a lease the main level for a restaurant at $3,400 / mo.
The 2 bed/2 bath apartment on the top floor rents for $625 /mo. in a month-to-month agreement. Tenant would prefer to stay with the building.
219 16th Ave SE | Former Bomac’s | Cedar Rapids, IA
Rare opportunity to acquire a historic mixed-use property in the heart of Cedar Rapids’ New Bohemia/Czech Village district. Formerly home to Bomac’s, this character-filled building offers a strong combination of restaurant/bar potential, built-in income, and future upside.
The property includes the adjacent parcel at 223 16th Ave SE, a 0.07-acre lot currently improved with green space, picnic tables, and a park-like outdoor seating area—an ideal amenity for restaurant, patio, or event use.
The seller is interested in a leaseback and is willing to lease the main level for restaurant use at $3,400/month, creating immediate income for an investor. The second floor features a spacious 2-bedroom, 2-bath apartment, currently occupied by a month-to-month tenant paying $625/month.
With a $425,000 asking price, historic charm, outdoor space, and multiple income streams, this property is well-positioned for an investor, looking to establish a presence in one of Cedar Rapids’ most recognizable and fastest growing entertainment and cultural districts.
Sale / Leaseback | Investment Highlights:
Seller is interested in a leaseback and is willing to sign a lease the main level for a restaurant at $3,400 / mo.
The 2 bed/2 bath apartment on the top floor rents for $625 /mo. in a month-to-month agreement. Tenant would prefer to stay with the building.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,647 SF
Building Class
C
Year Built
1898
Price
$593,793 CAD
Price Per SF
$127.78 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $498,634 CAD | |
| Land Assessment | $22,868 CAD | Total Assessment | $521,502 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$22,868 CAD
Improvements Assessment
$498,634 CAD
Total Assessment
$521,502 CAD
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Bo Mac's - Mixed Use Building | 219 16th Ave SE
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