100 BroadwayCouncil Bluffs, IA 51503

Property Details for 100 Broadway

Year built

1987

Lot size

0.14 AC

Property size (Sq ft)

4,000 SF

Zone code

C-3

Property type

Office buildings

APN

7544 25 483 005

APU

754425483005

Description

This exceptional two-story office building, situated at 100 E Broadway in Council Bluffs, Iowa, presents a compelling investment opportunity. Boasting a total of 4,000 square feet, the property is zoned for commercial use and sits on a 6,032 square foot lot. Constructed in 1987, this Class B building offers 2,000 square feet on each floor, currently configured as multi-tenant. The upper floor is leased month-to-month for $1,500 per month, providing immediate income potential. The ground floor is currently owner-occupied, offering flexibility for the new owner to occupy or lease, maximizing rental income. The building's location at the corner of Broadway and South 1st Street places it within the vibrant 100 block, surrounded by numerous restaurants and businesses, ensuring high visibility and foot traffic. This property is ideal for a variety of uses, including medical and traditional office spaces, making it a versatile and attractive investment in a thriving Iowa community. The asking price is $550,000. This presents a rare chance to acquire a well-located, income-producing property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $687,646

  6.5%

  $634,750

  7%

  $589,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $204,160

  Geo Method

  $204,160

• Alternative Use

  Use

  Valuation

  Residential

  $787,090

  Hospitality

  $720,970

  Educational

  $599,839

  Medical

  $620,468

  Retail

  $933,082

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2637

Longitude

-95.8438

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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