21 8th St Council Bluffs, IA 51503-0629

This Council Bluffs, Iowa property, located at 21 N 8th St, 51503, offers a compelling investment opportunity. The 7,227 square foot building, constructed in 1961, combines office and warehouse space, ideal for a variety of uses. The asking price is $499,900, translating to $72.64 per square foot. A significant feature is the existing tenant with a lease extending until March 30, 2027, providing immediate passive income potential. The building boasts a 1,110 square foot front office area, including four individual offices, a spacious meeting room, and a restroom. Two large shop bays, connected by an interior overhead door, provide ample workspace. The south bay, heated and equipped with a newly installed sand/oil sediment separator, features two exterior overhead doors. The north bay, unheated, offers a large overhead door on its west end. The property includes a fully fenced, private lot with approximately 1,300 square feet of paved parking, accommodating 10 vehicles. The building features a 10-foot ceiling height. The property's APN is 7544 25 364 005. This property presents a strong investment opportunity for buyers seeking immediate return and future growth potential.