Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    621 S Main St Council Bluffs, IA 51503

    Sponsored
    For Sale
    Pending
    $180,000

    COMMERCIAL - COUNCIL BLUFFS, IA

    Property size:
    2,457 SF
    Days on Market:
    48
    Last Refresh:
    Jan 27 at 2:06 pm

    Property Features for 621 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    7544 36 186 014
    Size
    2,457 SF

    Building Details

    Year built
    1900
    Building materials
    Brick

    We can help!

    Listing Contact
    John Edwards
    John Edwards

    Key Real Estate (712) 328-3133

    Listing agent John Edwards (712) 328-3133 License #B23418000

    Listing date Dec 11, 2025

    MLS# 25-1949

    Copyright © 2026 Southwest Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property with Rehab Potential

    This mixed-use property features a main floor commercial space requiring rehabilitation. The exterior has been updated with new windows. The property includes an adjacent empty lot to the south. The layout includes a large one-bedroom apartment upstairs that is nearly finished. A one-car garage is accessible from the alley. The property is located in COUNCIL BLUFFS, IA 51503.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goos Gallery Antiques ... Antique Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.850967
    Latitude
    41.255214

    Nearby Similar for Sale

    • $1,895,000
      4,167 SF

      Council Bluffs Restaurant with Expansion Potential

      Well-established restaurant on 2.15 acres near Omaha and casinos.
      1207 S 35Th St, Council Bluffs, IA 51501
      View Details
    • $150,000
      2,018 SF

      Council Bluffs Multifamily Property

      Multifamily property featuring a partially renovated unit and rental income.
      220 Harrison St, Council Bluffs, IA 51503
      View Details
    • $410,000
      2,880 SF

      Council Bluffs Turnkey Bar

      Turnkey bar with ample parking and great road frontage.
      2701 Harry Langdon Blvd, Council Bluffs, IA 51503
      View Details
    • $285,000
      3,976 SF

      Mixed-Use Property in Council Bluffs

      Commercial space with two apartments, fully rented investment opportunity.
      519 S Main St, Council Bluffs, IA 51503
      View Details
    • $2,000,000
      19,440 SF

      Renovated Industrial Facility For Sale

      19,440 SF industrial facility on 2.4 acres, renovated in 2022.
      608 13Th Ave, Council Bluffs, IA 51501
      View Details
    • $395,000

      Council Bluffs Flex/Industrial Property

      Flex/industrial property suitable for various business uses.
      812 9Th Ave, Council Bluffs, IA 51501
      View Details
    • Contact for pricing
      18,168 SF

      Retail Space in Cohen Building

      Street-level retail with lower level in downtown Council Bluffs.
      530 W Broadway, Council Bluffs, IA 51503
      View Details
    • $2,450,000
      12,544 SF

      Cohoe Self Storage Center Investment

      Council Bluffs, IA: 296 Units, High Traffic
      25 15Th St, Council Bluffs, IA 51501
      View Details
    • $490,000

      Council Bluffs 6-Plex Investment

      Prime 6-unit apartment building, fully renovated.
      543 Mill St, Council Bluffs, IA 51503
      View Details
    • Contact for pricing
      6,612 SF

      Council Bluffs Multifamily Investment

      11-Unit Value-Add Apartment Building
      209 4Th St, Council Bluffs, IA 51503
      View Details
    • $2,950,000
      63,097 SF

      Linden Place Apartments: Council Bluffs, IA

      36-Unit Senior Living Community, $2.95M
      25 Linden Ave, Council Bluffs, IA 51503
      View Details
    • $695,000
      7,596 SF

      Downtown Council Bluffs Storefront

      Historic building, high traffic area, great potential.
      533 Main St, Council Bluffs, IA 51503
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial space and apartment with income potential and extra parking.
    Where is this mixed-use property located?
    The property is located at 621 S Main St Council Bluffs, IA.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Income-producing potential with commercial space and apartment.; - Includes adjacent empty lot for extra parking or green space.; - One-car garage access from alley.
    (402) 680-5646
    Request Owner's contact information
    621 S Main St Council Bluffs, IA 51503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    621 S Main St
    Council Bluffs, IA 51503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    621 S Main St Council Bluffs, IA 51503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Edwards
    John Edwards
    Real Estate License ID: B23418000
    (402) 680-5646
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.