2840 BroadwayCouncil Bluffs, IA 51501

Property Details for 2840 Broadway

Year built

1960

Lot size

0.08 AC

Property size (Sq ft)

2,138 SF

Zone code

C-2

Property type

Individual retail properties

APN

7544 27 384 009

APU

754427384009

Description

This 3,000 square foot building in Council Bluffs, Iowa, presents a unique investment opportunity. Situated on a 0.08-acre lot at the highly visible corner of 29th Street and West Broadway, this single-story structure offers easy access from all directions. Built in 1960, the property features a flexible layout suitable for various uses, including executive office space and warehouse storage. Currently, 2,138 square feet are vacant, providing ample space for a new tenant or owner-occupier. The building boasts ceiling heights ranging from 10 to 12 feet and includes five parking spaces. Zoned commercial, this property is offered in "as-is" condition and is available for purchase at $180,000 or lease at $1,500 per month NNN. The property's previous use as a dry cleaner has been cleared, allowing for complete customization to suit the new owner's needs. The Pottawattamie County location and prominent street frontage make this an ideal space for businesses seeking high visibility and convenient access. The APN is 7544 27 384 009. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $575,576

  6.5%

  $531,301

  7%

  $493,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $274,991

  Geo Method

  $274,991

• Alternative Use

  Use

  Valuation

  Residential

  $448,172

  Hospitality

  $410,523

  Educational

  $341,550

  Medical

  $353,297

  Retail

  $531,301

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2622

Longitude

-95.8906

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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