1023 16th St Council Bluffs, IA 51501-0132
- Auto shops
- 3,392 SF
- 0.24 lot acres
Current Use by Public Records
- Drennen Automotive / Auto Repair Shop / Auto Tune Up Service
Property Details for 1023 16th St
- Year built
- 1979
- Lot size
- 0.24 lot acres
- Property size
- 3,392 SF
- Zone code
- C-2
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $375,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $375,000
- Mixed-Use
- $310,000
- Hospitality
- $300,000
- Educational
- $315,000
- Residential Income
- $305,000
- Energy
- $375,000
- Income-Based Land
- $390,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Council Bluffs
- County
- Pottawattamie
- State
- Iowa
- Longitude
- -95.8672
- Latitude
- 41.2714
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA