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Property profile & analytics
OFF-MARKET
Land

24th 23Rd Ave Council Bluffs, IA 51501

27.37 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 27.37-acre commercial land parcel presents a remarkable investment opportunity in Council Bluffs, Iowa. Ideally situated at the southwest corner of South 24th Street and 23rd Avenue, this property boasts over 2000 linear feet of street frontage, offering unparalleled visibility and accessibility. Currently zoned P-C (Commercial), it's perfectly positioned for diverse development projects, including multifamily, commercial, or mixed-use constructions. The location provides easy access to Interstate 80, enhancing its appeal for businesses seeking high traffic exposure. With approximately 77,000 vehicles per day traversing I-80/I-29 and 13,000 vehicles daily on the immediate corner, this site benefits from exceptional traffic counts. Its strategic placement—the first exit into Iowa from Nebraska via I-80—guarantees maximum visibility. The seller is open to adjusting lot lines or subdividing the property to meet specific buyer requirements. An additional approximately 10 acres south of the property may also be available, potentially expanding the total acreage to over 37 acres. The asking price of $7,153,423 reflects a land value of $261,360 per acre, subject to adjustment based on the final lot size. The buyer is responsible for verifying all utility locations, sizes, and capacities. This is a rare opportunity to acquire a significant development site in a high-traffic, high-visibility location.

Property profile
Verified
Property type Land
Lot 27.37 ac (1,192,237 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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