1534 Avenue J Council Bluffs, IA 51503
- Office Properties & Spaces
- 956 SF
Current Use by Public Records
- Lederman Bail Bonds / Bail Bonds Service
- A Best Friend's Pet Palace / Pet Groomer
Property Details for 1534 Avenue J
- Year built
- 1900
- Property size
- 956 SF
- Property type
- Office Properties & Spaces
Description
This 956-square-foot traditional office building in Council Bluffs, Iowa, presents a compelling investment or owner-user opportunity. Located on a hard corner at the intersection of 16th and Avenue J, this property boasts high visibility and excellent traffic flow. Currently 100% occupied since January 1st, 2024, under a NNN lease with a flexible tenant, the building offers immediate cash flow. Built in 1900 and renovated in 2002, the single-story structure sits on a 10,454-square-foot lot zoned C-2, allowing for various development possibilities. The property features a full, unfinished basement adding potential for expansion. Existing signage on 16th Street enhances visibility. With an asking price of $150,000 and an 8% cap rate, this fee-simple property represents a strong value-add investment in a prime Council Bluffs location. The property's convenient location between Broadway and the north Walmart provides excellent access to a large customer base. This is an ideal opportunity for investors seeking a portfolio addition or owner-users looking for a strategic location to establish or expand their business. The property includes one unit and is situated in Pottawattamie County, Iowa, with APN 754426262007.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Council Bluffs
- County
- Pottawattamie
- State
- Iowa
- Longitude
- -95.7721
- Latitude
- 41.2568
