Industrial Flex Maintenance
For Sale
Contact for pricing
2104 S 29th St, Council Bluffs, IA 51501
Newer industrial flex building includes two full-length service bays and a dedicated wash bay on a 5.47-acre paved lot.
Property Size12,500 SF
Price / SF$316
Days on Market93
Property Features for 2104 S 29th St
General Information
Standard status
Active
Size
12,500 SF
Class
B
Total Parking Spaces
27
Property subtype
Industrial
Zoning
I-2
Investment Type
Owner/User
Building Details
Year Built
2021
Buildings
1
Tenancy
Single
Listing Agency:
Berkshire Hathaway HS | Ambassador Real Estate Commercial Division
Listed By:
Jeff Johnson · License #NE 20100178
(402) 917-3035
Source:
Crexi
Added: Jul 9
Changed: Sep 13
Last Checked: Oct 7 at 10:02AM
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 Berkshire Hathaway HS | Ambassador Real Estate Commercial Division
Investment Insights
Based on property information with market context.
A newer 12,500 square foot industrial flex building currently operates as a fleet maintenance facility with administrative offices for a trucking company. The building features two full-length service bays plus a dedicated wash bay, supporting vehicle maintenance and related functions. Outside, the property includes significant secure, paved outdoor storage with additional excess ground for potential expansion.
The asset is located in Mid America Commerce Park in Council Bluffs, Iowa, with regional interstate access near the intersection of Interstates 80 and 29. The paved, large lot is designed to accommodate operational needs tied to trucking and transportation-related use.
For buyers seeking an industrial flex configuration with purpose-built maintenance space and substantial outdoor storage, this site offers a maintenance-ready layout alongside expandable acreage within a commerce park setting.
The asset is located in Mid America Commerce Park in Council Bluffs, Iowa, with regional interstate access near the intersection of Interstates 80 and 29. The paved, large lot is designed to accommodate operational needs tied to trucking and transportation-related use.
For buyers seeking an industrial flex configuration with purpose-built maintenance space and substantial outdoor storage, this site offers a maintenance-ready layout alongside expandable acreage within a commerce park setting.
Key Highlights
- Newer 12,500 SF industrial flex building built in 2021
- Fleet maintenance setup with two full‑length service bays and a dedicated wash bay
- 5.47‑acre site with a large, secure, paved lot for outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,512
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,330,240
$2.3M
Cap Rate 7%
$1,664,457
$1.7M
Cap Rate 9%
$1,294,578
$1.3M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$184.5K $14.76/SF
− Vacancy
−$29.2K −$2.33/SF
EGI
$155.3K $12.43/SF
− OpEx
−$38.8K −$3.11/SF
NOI
$116.5K $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%
$2,330,240
Cap Rate 7%
$1,664,457
Cap Rate 9%
$1,294,578
Alternative Uses
Best Use
Office B
$1.66M
$1.46M – $1.94M
NOI $116,512 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$809.1K
$708.0K – $944.0K
NOI $56,637 @ 7.0% cap · market cap 1.43%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,107 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Newer industrial flex building includes two full-length service bays and a dedicated wash bay on a 5.47-acre paved lot.
Where is this flex space located?
The property is located at 2104 S 29th St Council Bluffs, IA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Newer 12,500 SF industrial flex building built in 2021; Fleet maintenance setup with two full‑length service bays and a dedicated wash bay; 5.47‑acre site with a large, secure, paved lot for outdoor storage
