24th 23Rd Ave Council Bluffs, IA 51501
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.
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.