62 16Th Ave Cedar Rapids, IA 52404
- Retail space
- 4,442 SF
- 0.29 lot acres
Current Use by Public Records
- Houby Days / Festival
Property Details for 62 16Th Ave
- Year built
- 1928
- Lot size
- 0.29 lot acres
- Property size
- 4,442 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 142848002200000
Description
This exceptional Cedar Rapids property, located in the vibrant Czech Village, presents a unique investment opportunity. The 4,442 square foot building, constructed in 1928, is zoned Urban Village General and offers a versatile space suitable for a restaurant or retail business. Currently vacant, the property boasts a fully renovated bar and dining area, perfect for a restaurant concept, or adaptable for retail use. An added benefit is a newly renovated two-bedroom apartment, ideal for owner-occupancy or generating rental income. The property sits on a 0.287-acre lot and includes an outdoor fenced patio. The asking price is $468,000, translating to $105.36 per square foot. The building is a single-story Class B structure. Furniture, fixtures, and equipment are available for separate purchase. The property is available for immediate occupancy, starting January 2, 2024. This turnkey opportunity combines the charm of a historic location with modern amenities, making it an attractive investment for both owner-users and investors. The property's location in the thriving Czech Village ensures high visibility and foot traffic. This is a rare chance to own a well-maintained commercial property with significant potential in a desirable area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.660991124809
- Latitude
- 41.965176273601
