533 Main StCouncil Bluffs, IA 51503

Property Details for 533 Main St

Year built

1900

Lot size

0.17 AC

Zone code

C-3

Property type

Office buildings

APN

7544 36 180 006

APU

754436180006

Description

This exceptional 7,596 square foot storefront at 533 S Main Street in Council Bluffs, Iowa, presents a unique investment opportunity. Built in 1900, this well-maintained brick building boasts a prime downtown location, placing it within close proximity to the Historic 100 Block and numerous other amenities. The asking price is $695,000, translating to $91.50 per square foot. The property consists of a single, two-story building situated on a 0.29-acre lot. The ground floor offers ample retail space, while the second story presents an unfinished apartment featuring recently installed ceiling tiles, lighting, and plumbing hookups, offering significant potential for future development or rental income. Parking is conveniently addressed with three spaces at the rear of the building, supplemented by metered street parking and a nearby 16-space lot across Main Street. Its strategic location provides easy access to major transportation arteries, being only 5 minutes away from the intersection of I-80 and I-29, ensuring high visibility and accessibility for both customers and employees. This property is ideal for a discerning investor seeking a blend of historical charm and modern convenience in a thriving downtown setting. The zip code is 51503.

• CAP approach

  CAP return

  Valuation

  6%

  $1,272,511

  6.5%

  $1,174,626

  7%

  $1,090,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $377,951

  Geo Method

  $377,951

• Alternative Use

  Use

  Valuation

  Residential

  $1,456,536

  Hospitality

  $1,334,179

  Educational

  $1,110,022

  Medical

  $1,148,197

  Retail

  $1,726,700

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.256

Longitude

-95.8508

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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