Single-Story Office
For Sale
Contact for pricing
Pending
1604 2nd Ave, Council Bluffs, IA 51501
C2-zoned property with ground-level access and an adaptable interior layout.
Property Size2,982 SF
Lot Size0.29 Acres
Days on Market235
Property Features for 1604 2nd Ave
General Information
Standard status
Pending
Size
2,982 SF
Lot size
0.29 Acres
Property subtype
Office
Zoning
C2
Additional Details
Highway Access
Yes
Building Details
Year Built
1973
Buildings
1
Stories
1
Construction
concrete-block
Listing Agency:
PJ Morgan Real Estate
Listed By:
Maranda Adams · License #20180387
Source:
Crexi
Added: Feb 23
Changed: Oct 11
Last Checked: Oct 14 at 10:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PJ Morgan Real Estate
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Investment Insights
Based on property information with market context.
This 2,982-square-foot office and clinic building occupies 0.29 acres at 1604 2nd Ave in Council Bluffs. Constructed in 1973 with concrete-block walls, the single-story property offers an open interior arrangement and entry at ground level. C2 General Commercial zoning supports medical, professional office, and service-oriented operations.
The property is located just off the West Broadway corridor, with connections to I-29, downtown Council Bluffs, and the Omaha metro. On-site surface parking is provided and meets city code requirements, supporting day-to-day access for occupants and visitors. The combination of an adaptable floor plan, commercial zoning, and established improvements suits a range of office or clinic configurations.
The property is located just off the West Broadway corridor, with connections to I-29, downtown Council Bluffs, and the Omaha metro. On-site surface parking is provided and meets city code requirements, supporting day-to-day access for occupants and visitors. The combination of an adaptable floor plan, commercial zoning, and established improvements suits a range of office or clinic configurations.
Key Highlights
- 2,982 SF office and clinic building on 0.29 acres
- C2 General Commercial zoning
- Single‑story layout with ground‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,795
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,900
$555.9K
Cap Rate 7%
$397,071
$397.1K
Cap Rate 9%
$308,833
$308.8K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$44.0K $14.76/SF
− Vacancy
−$7.0K −$2.33/SF
EGI
$37.1K $12.43/SF
− OpEx
−$9.3K −$3.11/SF
NOI
$27.8K $9.32/SF
Area
Pottawattamie County, IA
Vacancy
15.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,900
Cap Rate 7%
$397,071
Cap Rate 9%
$308,833
Alternative Uses
Best Use
Office B
$397.1K
$347.4K – $463.3K
NOI $27,795 @ 7.0% cap · market cap 7.04%
Second Best
Healthcare Medical
$275.2K
$240.8K – $321.0K
NOI $19,262 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,865 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 51501, IA
34,906
Population
15,217
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
86%
High-School Grad
23.9 sq mi
ZIP Area
1,461
Density / Sq Mi
$59,314
Median Household Income
$40,229
Median Earnings
$997
Median Rent
$140,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C2-zoned property with ground-level access and an adaptable interior layout.
Where is this office building located?
The property is located at 1604 2nd Ave Council Bluffs, IA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,982 SF office and clinic building on 0.29 acres; C2 General Commercial zoning; Single‑story layout with ground‑level access
