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    9.34 Acres Mid America Dr Council Bluffs, IA 51501

    Sponsored
    For Sale
    $3,661,641

    9.34 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.34-acre commercial land parcel presents a remarkable investment opportunity in Council Bluffs, Iowa. Located on Mid America Drive, just off 24th Avenue, this property boasts strong traffic counts and excellent visibility, making it ideal for a variety of commercial developments. The site is zoned P-C and benefits from readily available city utility services and convenient interstate access. Priced at $3,661,641 ($9/sq ft land value), this offering represents a compelling value proposition. Further enhancing its appeal, this location is designated as both an Opportunity Zone and an Urban Revitalization Area, qualifying for a 3-year, 100% tax abatement program. This significant tax incentive provides substantial long-term cost savings for developers. The property's strategic location, combined with its zoning, infrastructure access, and attractive tax benefits, positions it for immediate development and significant return on investment. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering in a thriving Iowa market. The property is situated in Pottawattamie County, Iowa, with a zip code of 51501.

    Property Features for 0 9.34 Acres Mid America Dr

    General Information

    Property type
    Land
    Lot Size
    406,850 SF

    HighLights

    • 9.34‑acre commercial land parcel in Council Bluffs, IA.
    • Located on Mid America Drive, off 24th Avenue, with high traffic counts and visibility.
    • Zoned P‑C, with city utilities and interstate access.
    • Priced at $3,661,641 ($9/sq ft).
    • Located in an Opportunity Zone and Urban Revitalization Area, qualifying for a 3‑year, 100% tax abatement.
    • Situated in Pottawattamie County, IA, zip code 51501.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.8885002
    Latitude
    41.2333041

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    FAQs

    What type of property is this?
    Land - 9.34 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at 9.34 Acres Mid America Dr Council Bluffs, IA.
    What is the asking price?
    The asking price for this property is $3,661,641.
    What are key features of this property?
    This property features: 9.34-acre commercial land parcel in Council Bluffs, IA.; Located on Mid America Drive, off 24th Avenue, with high traffic counts and visibility.; Zoned P-C, with city utilities and interstate access.
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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
    9.34 Acres Mid America Dr Council Bluffs, IA 51501
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