Add Listing
    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

    1201 Veterans Memorial Hwy Council Bluffs, IA 51501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 3-acre site near Google.

    Property Features for 1201 Veterans Memorial Hwy

    General Information

    Property type
    Land
    Lot Size
    131,551 SF

    We can help!

    Listing Contact
    Mike Potthoff
    Mike Potthoff

    Listing Agency: Colliers - Omaha, Nebraska Listing Agent: Mike Potthoff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3.02-acre development site in Council Bluffs, Iowa, presents a compelling investment opportunity. Located at 1201 Veterans Memorial Highway, this property boasts a highly desirable C2 zoning designation, opening doors to a wide array of commercial development possibilities. Its strategic location directly across the street from a major Google Data Center ensures high visibility and access to a robust workforce. Furthermore, the site's proximity to the I-29/I-80 intersection (just 1.5 miles away) provides unparalleled connectivity to regional and national transportation networks, maximizing accessibility for businesses and customers alike. The expansive lot size offers ample space for ambitious projects, while the established infrastructure and thriving commercial environment of Council Bluffs create a supportive backdrop for growth and success. This property is priced at $945,000 and represents a rare chance to acquire a premier development site in a rapidly growing area. The address is 1201 Veterans Memorial Highway, Council Bluffs, IA 51501, situated in Pottawattamie County. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wild Willy's Fireworks ... Discount Store Anchor Inn Bait ... (Bike/Boat/Book/etc) Store U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.8620724
    Latitude
    41.219193

    Nearby Similar for Sale

    • $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
    • $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
    • New
      $315,000

      Updated Tri-Plex Investment Opportunity

      Fully updated tri-plex with modern finishes and versatile unit mix.
      541 Mill St, Council Bluffs, IA 51503
      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
    • $180,000
      Pending

      Mixed-Use Property with Rehab Potential

      Commercial space and apartment with income potential and extra parking.
      621 S Main St, 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
    • $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
    • $2,000,000
      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
    • $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
    • $490,000

      Council Bluffs 6-Plex Investment

      Prime 6-unit apartment building, fully renovated.
      543 Mill St, 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

    FAQs

    What type of property is this?
    Land - Prime 3-acre site near Google.
    Where is this land located?
    The property is located at 1201 Veterans Memorial Hwy Council Bluffs, IA.
    What is the asking price?
    The asking price for this property is $945,000.
    What are key features of this property?
    This property features: 3.02-acre development site in Council Bluffs, IA.; C2 zoning allows for diverse commercial development.; High visibility across from a major Google Data Center.
    (402) 345-5866 Call to check price and availability
    Request Owner's contact information
    1201 Veterans Memorial Hwy Council Bluffs, IA 51501
    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.
    1201 Veterans Memorial Hwy
    Council Bluffs, IA 51501
    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
    1201 Veterans Memorial Hwy Council Bluffs, IA 51501
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Potthoff
    Mike Potthoff
    Real Estate License ID: 20150270
    (402) 345-5866 (402) 763-1751
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!