1640 Broadway, Council Bluffs, IA 51501-3813
- Turn key restaurants
- 1,242 SF
- 0.24 lot acres
Current Use by Public Records
- Jimmy John's / Take-out & Catering / Catering Service
Property Details for 1640 Broadway
- Year built
- 2000
- Lot size
- 0.24 lot acres
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 7544 26 458 007
- APU
- 754426458007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 25, 2025 | $931,000 | Getty Leasing INC | Pmb Properties LLC | Deed | — |
| Aug 29, 2016 | $600,000 | Pmb Properties LLC | Simmonds Properties Ltd LLP | Grant Deed | $1.2M · Intrust Bk |
| Aug 24, 2006 | $180,000 | Simmonds Properties Ltd | Oshlo,douglas D | Warranty Deed | — |
| Feb 24, 2006 | — | Douglas D Oshlo | — | Trustees Deed · related | $70k · Midstates Bank |
Description
This exceptional retail property, located at 1640 W Broadway Street in Council Bluffs, Iowa, presents a compelling investment opportunity. The 1,242 square foot building, constructed in 2007, sits on a 0.24-acre lot and is zoned Community Commercial (C-2), offering flexibility for a variety of retail uses. Currently offered at $997,000, this property boasts a strong 7.00% cap rate, making it an attractive addition to any investment portfolio. The property benefits from a 10-year absolute NNN lease, minimizing landlord responsibilities and providing consistent income. Its prominent location along Broadway Street ensures high visibility and accessibility, further enhanced by its close proximity to Thomas Jefferson High School, guaranteeing a steady stream of potential customers. The property's strong financials, coupled with its desirable location and long-term lease, make this an exceptional opportunity for investors seeking a stable and profitable retail investment in a thriving Iowa community. The zip code is 51501, and the property is situated in Pottawattamie County.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Council Bluffs
- County
- Pottawattamie
- State
- Iowa
- Longitude
- -95.8688
- Latitude
- 41.2621
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
