Bar & Pub with Restaurant
For Sale
$380,000
Pending
2701 HARRY LANGDON Boulevard, Council Bluffs, IA 51503
Commercial Sale, COUNCIL BLUFFS, IA
Property Size2,880 SF
Days on Market530
Property Features for 2701 HARRY LANGDON Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Basement
Full
Subdivision
Area 8
Standard status
Pending
APN
7443 06 377 004
Size
2,880 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
AUD SUB LT 5 MALLETTS SUB LTS 1,2 & 3 LYING N OF HWY EX N150'
Legal Description
AUD SUB LT 5 MALLETTS SUB LTS 1,2 & 3 LYING N OF HWY EX N150'
Utilities
Utilities
Phone Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1920
Building materials
Frame
Roof type
Flat
Listing Agency:
Better Homes and Gardens Real Estate The Good Life Group
(402) 932-5989
Listed By:
Dalton Petersen · License #S67442000
(402) 881-2074
Added: Apr 28, 2025
Changed: Sep 14
Last Checked: Oct 9 at 5:06PM
MLS# 25-728
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.
Investment Insights
Based on property information with market context.
The property is a 2,880-square-foot bar and pub building on just over a half acre. It is currently operated as a bar, with the configuration offering the ability to add a kitchen and accommodate full-service restaurant and bar use. The frame building was constructed in 1920 and includes forced-air, natural-gas heating, central air conditioning, and a flat roof.
An asphalt parking lot provides ample parking, while the property also offers road frontage along Harry Langdon Boulevard. Interstate access is nearby, with downtown Council Bluffs, Omaha, and the surrounding metro area only minutes away.
An asphalt parking lot provides ample parking, while the property also offers road frontage along Harry Langdon Boulevard. Interstate access is nearby, with downtown Council Bluffs, Omaha, and the surrounding metro area only minutes away.
Key Highlights
- 2,880‑square‑foot bar and pub building
- Just over a half acre of land
- Existing bar operation with potential for kitchen addition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,615
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,300
$612.3K
Cap Rate 7%
$437,357
$437.4K
Cap Rate 9%
$340,167
$340.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$44.6K $15.48/SF
− Vacancy
−$3.8K −$1.31/SF
EGI
$40.8K $14.17/SF
− OpEx
−$10.2K −$3.54/SF
NOI
$30.6K $10.63/SF
Area
Pottawattamie County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,300
Cap Rate 7%
$437,357
Cap Rate 9%
$340,167
Alternative Uses
Best Use
Specialty Retail
$437.4K
$382.7K – $510.3K
NOI $30,615 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.0K
$481.3K – $641.7K
NOI $38,501 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
587
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Americinn
Hotels & Casinos
587 visits/mo
0.4 miles
Demographics for 51503, IA
37,330
Population
16,154
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
121.7 sq mi
ZIP Area
307
Density / Sq Mi
$76,064
Median Household Income
$46,986
Median Earnings
$964
Median Rent
$252,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sam's Club Cafe — 3221 Manawa Centre Dr, Council Bluffs, IA 51501
- Sam's Club Cafe — 3221 manawa center dr, council bluffs, ia 51501
- Bido's Place
- Driftwood Inn Inc. — 2701 Harry Langdon Blvd, Council Bluffs, IA 51503
- Oskies — 1851 Madison Ave, Council Bluffs, IA 51503
Frequently Asked Questions
What type of property is this?
Bar & Pub - Existing bar operation with the ability to add a kitchen and support full-service restaurant use.
Where is this bar & pub located?
The property is located at 2701 HARRY LANGDON Boulevard Council Bluffs, IA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,880‑square‑foot bar and pub building; Just over a half acre of land; Existing bar operation with potential for kitchen addition
