1534 Avenue JCouncil Bluffs, IA 51503

Property Details for 1534 Avenue J

Year built

1900

Property size (Sq ft)

956 SF

Property type

Office properties

Description

This 956-square-foot traditional office building in Council Bluffs, Iowa, presents a compelling investment or owner-user opportunity. Located on a hard corner at the intersection of 16th and Avenue J, this property boasts high visibility and excellent traffic flow. Currently 100% occupied since January 1st, 2024, under a NNN lease with a flexible tenant, the building offers immediate cash flow. Built in 1900 and renovated in 2002, the single-story structure sits on a 10,454-square-foot lot zoned C-2, allowing for various development possibilities. The property features a full, unfinished basement adding potential for expansion. Existing signage on 16th Street enhances visibility. With an asking price of $150,000 and an 8% cap rate, this fee-simple property represents a strong value-add investment in a prime Council Bluffs location. The property's convenient location between Broadway and the north Walmart provides excellent access to a large customer base. This is an ideal opportunity for investors seeking a portfolio addition or owner-users looking for a strategic location to establish or expand their business. The property includes one unit and is situated in Pottawattamie County, Iowa, with APN 754426262007.

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2568

Longitude

-95.7721

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