3120 Manawa Centre DrCouncil Bluffs, IA 51501

  • Retail space
  • 11,379 SF

Property Details for 3120 Manawa Centre Dr

Year built
2005
Lot size
1.07 AC
Property size (Sq ft)
11,379 SF
Zone code
P-C
Property type
Retail space
APN
7444 12 202 004
APU
744412202004

Description

This exceptional retail opportunity is located within the thriving Lake Manawa Power Centre in Council Bluffs, Iowa. Situated at the high-traffic intersection of Interstates 29 and 80, this strip center enjoys unparalleled visibility and accessibility. Two spaces are currently available, ranging from 1,400 to 2,520 square feet, perfect for a variety of retail uses. The center boasts a strong tenant mix, including major anchors such as Office Max, Walmart, Sam's Club, Harbor Freight, and Home Depot, ensuring high foot traffic and a robust customer base. The surrounding area is densely populated with additional restaurants and retail establishments, creating a synergistic and thriving commercial environment. Smaller tenants currently occupying the center include Sally Beauty, H&R Block, HuHot Mongolian Grill, and CPR Cell Phone Repair, further enhancing the diverse appeal of this location. The property sits on a substantial 1,385-acre lot, providing ample parking and room for expansion. This is an exceptional opportunity to establish or expand your business in a prime location with excellent visibility and convenient interstate access. The total building square footage is not currently available. Contact us today to learn more about this exciting retail space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,708,430
    6.5%
    $3,423,166
    7%
    $3,178,654
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,463,576
    Geo Method
    $1,463,576
  • Alternative Use

    Use
    Valuation
    Residential
    $2,887,568
    Hospitality
    $2,644,997
    Educational
    $2,200,606
    Medical
    $2,276,289
    Retail
    $3,423,166

Location Insight

City
Council Bluffs
County
Pottawattamie
State
Iowa
Latitude
41.2293
Longitude
-95.8482
CBSA code
36540
CBSA name
OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$72,375
$517,500
$1,561,500
$2,079,000
-
$517,500
$1,561,500
$2,079,000

FAQs

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