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    25 Linden Ave Council Bluffs, IA 51503

    For Sale
    $2,950,000

    36-Unit Senior Living Community, $2.95M

    Property size:
    63,097 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 36-unit senior living apartment building, located at 25 Linden Ave S in Council Bluffs, Iowa, presents a compelling investment opportunity. The property, encompassing 63,097 square feet on a 2.96-acre lot, boasts a 100% occupancy rate. Built in phases between 1924 and 2016, with renovations completed in 2017, the two-story building is zoned R-3. The property features a unique history, originally serving as Gunn elementary school, now thoughtfully repurposed to provide comfortable and independent senior living. Individual units average $81,944, with a total asking price of $2,950,000, resulting in a price per square foot of $46.75. The property's location in a quiet, tree-lined neighborhood offers residents a serene and peaceful environment. The well-maintained grounds and mature trees contribute to the tranquil atmosphere. This property offers a blend of historic charm and modern amenities, making it an ideal setting for senior residents. The Pottawattamie County location, with a zip code of 51503, provides convenient access to local amenities and services. The property's strong occupancy rate and attractive price point make it a highly desirable investment. The APN is 754319331001.

    Property Features for 25 Linden Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    63,097 SF
    Lot Size
    128,938 SF

    Building Details

    Year Renovated
    2017
    Buildings
    1
    Stories
    2
    Units
    36

    HighLights

    • 36‑unit senior living apartment building in Council Bluffs, IA.
    • 63,097 square feet on a 2.96‑acre lot, 100% occupancy.
    • Two‑story building, R‑3 zoning, renovated in 2017.
    • $2,950,000 asking price, $46.75/SF, average unit price $81,944.
    • Located in a quiet, tree‑lined neighborhood in Pottawattamie County, IA (Zip code 51503).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Linden Place Apartment Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.835496624077
    Latitude
    41.281864793095

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    FAQs

    What type of property is this?
    Retirement home - 36-Unit Senior Living Community, $2.95M
    Where is this retirement home located?
    The property is located at 25 Linden Ave Council Bluffs, IA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: 36-unit senior living apartment building in Council Bluffs, IA.; 63,097 square feet on a 2.96-acre lot, 100% occupancy.; Two-story building, R-3 zoning, renovated in 2017.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    25 Linden Ave Council Bluffs, IA 51503
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