0 Manawa Dr Council Bluffs, IA 51501
This exceptional 23-acre parcel presents a remarkable opportunity for multifamily development in Council Bluffs, Iowa. Located at the intersection of I-80/I-29 and Hwy 275/Hwy 92, this property boasts unparalleled access to major transportation arteries, ensuring convenient connectivity throughout the metro area. The site is zoned A-2 and features a large, flat topography, ideal for construction. All utilities are readily available within the street. Situated in a levee-protected area, flood concerns are mitigated. The property's strategic location offers proximity to a wealth of amenities, including Lake Manawa State Park, Council Bluffs Country Club, and the vibrant retail centers of Metro Crossing and Manawa Centre. Surrounded by established single-family residences, this site is perfectly positioned to capitalize on the high demand for multifamily housing in this desirable area. The asking price for this exceptional development opportunity is $1,035,000. With approximately 1,001,880 square feet of buildable space, this property offers significant potential for a substantial return on investment. Don't miss this chance to acquire a truly exceptional piece of land in a thriving community. The irregular lot dimensions provide flexibility for creative development plans.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.