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Property profile & analytics
OFF-MARKET
Auto shops

1023 16th St Council Bluffs, IA 51501-0132

3,392 SF 0.24 ac lot Built 1979
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US25-0057669
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1979
Total area 3,392 SF
Lot 0.24 ac (10,454 SF)
Zoning code C-2
APN 7544 26 262 001
UPID US25-0057669
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
Current use
Occupant on record · Public records
  • Drennen Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ar LLC · 6 yrs held
Ar LLC
since 2019
1 recorded transaction
2019
$30,000
Zoning & alternative use
C-2 · Council Bluffs, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Chapter 15.15 - C-2/COMMERCIAL DISTRICT 15.15.010 Statement Of Intent 15.15.020 Principal Uses 15.15.030 Conditional Uses 15.15.040 Accessory Uses 15.15.050 Site Development Regulations 15.15.060 Additional Regulations 15.15.070 Signs 15.15.010 Statement Of Intent The C-2 district is intended to provide for major commercial retail shopping and service areas…

Zone name Commercial District
General category COMMERCIAL
Zone area 939.20 ac
Source Council Bluffs : Municipal Code
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