62 16Th Ave SW Cedar Rapids, IA 52404

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.