Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
219 16th Ave SE
Cedar Rapids, IA 52401
Asking Price
$425K
Asset Type
Bar Mixed-use
Class
Class B
What's Special
Mixed Use | 4,647 SqFt <p>Investment | Sale / Leaseback Opportunity </p><p></p><p><strong>219 16th Ave SE | Former Bomac’s | Cedar Rapids, IA 52401</strong></p><p></p><p>Sale / Leaseback | Investment Highlights:</p><ol><li><span style="color: rgba(65, 65, 65, 1)">Seller is interested in a leaseback and is willing to sign a lease the main level for a restaurant at $3,400 / mo. </span></li><li><span style="color: rgba(0, 0, 0, 1)">The 2 bed/2 bath apartment on the top floor rents for $625 /mo. in a month-to-month agre
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
18.82%
DSCR
3.17
Strong
Cash-on-Cash
42.96%
Monthly Payment
$2,102.668
Annual Cash Flow
$54,767.983
