1023 16Th StCouncil Bluffs, IA 51501

Property Details for 1023 16Th St

Year built

1979

Lot size

0.24 AC

Property size (Sq ft)

3,392 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Auto shops

APN

7544 26 262 001

APU

754426262001

Description

This well-established auto shop in Council Bluffs, Iowa, is available for $450,000. Located on busy 16th Street, this 3,420 square foot, single-story building boasts four repair bays, a potential paint bay (currently a storage bay), a lobby, office, and bathroom. The property underwent renovations in 2020 and features a 14-foot ceiling height. The 10,454 square foot lot provides ample space, including 12 parking spaces. The building is zoned C-2 and includes three permanently installed lifts, which are part of the sale. Equipment is negotiable. The property is a fee simple ownership with a current lease expiring September 30, 2024, and is currently 100% occupied since June 1, 2022. This turnkey opportunity is ideal for an established or aspiring auto repair business. The property was built in 1979 and offers a significant opportunity for continued success in a high-traffic location. The APN is 754426262001.

• CAP approach

  CAP return

  Valuation

  6%

  $844,618

  6.5%

  $779,647

  7%

  $723,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,282

  Geo Method

  $436,282

• Alternative Use

  Use

  Valuation

  Residential

  $657,662

  Hospitality

  $602,414

  Educational

  $501,202

  Medical

  $518,439

  Retail

  $779,647

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2714

Longitude

-95.8672

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.