2935 Broadway Council Bluffs, IA 51501-3437
This exceptional 5,082 square foot freestanding restaurant building is situated on a 0.76-acre lot at 2935 W Broadway in Council Bluffs, Iowa. Built in 1974, this single-story structure boasts a prominent corner location on Broadway Street, benefiting from high traffic counts of 25,176 vehicles per day. The property includes a monument sign, ensuring excellent visibility and easy access from Broadway. A five-minute drive to downtown Council Bluffs adds to its strategic location. The property is currently occupied by a month-to-month tenant, offering an opportunity for owner-user occupancy or lease renewal. Existing restaurant improvements are in place. This location enjoys a stellar national Placer.ai ranking, placing it among the top performing retail locations in Iowa, near the state's #1 Walgreens and Club Car Wash, and the #2 McDonald's and #3 Arby's. The property is zoned for commercial use. This is a rare opportunity to acquire a well-positioned, high-traffic restaurant property in a thriving Iowa market. The asking price is $1,200,000.
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Village Inn Restaurant
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Council Bluffs, IAChapter 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 adjacent to major traffic corridors. This district also provides a variety of commercial services to the community and adjacent residential neighborhoods. (Ord. 5458 § 2 (part), 1999) 15.15.020 Principal Uses The following principal uses shall be permitted outright in a C-2 district: Automobile repair, minor; Automobile service establishment; Building material, retail sales only; Business, professional office; Business service establishment; Club or lodge; Commercial recreation (indoor and outdoor); Consumer service establishment; Contractor shop; Cultural service; Financial service; General government use; Hotel/motel; Kennel, commercial; Local utility service; Park and recreation services; Pawn shops; Printing, binding, and mail operations (fifty thousand (50,000) square feet or less); Private and public parking lots; Public safety services; Religious assembly; Restaurant (drive-in/fast food, limited and general); Retail shopping establishment; School; Secondhand store; Tattoo parlor; Tavern, as limited by CBMC 15.15.060; Veterinary service; Warehousing and distribution, limited (fifty thousand (50,000) square feet or less); Funeral service; Consumer fireworks sales; Small alcohol production facility. (Ord. 5557 § 1, 2001) (Ord. No. 6147, § 1, 2-13-2012; Ord. No. 6332, § 1, 6-11-2018; Ord. No. 6341, § 1, 8-13-2018) Editor's note- Ord. No. 6085, § 1, adopted June 14, 2010, repealed the former section and enacted a new section as set out herein. The former section pertained to similar subject matter and derived from Ord. No. 5555, § 1, 2001; Ord. No. 6026, § 1, 2-23-2009. 15.15.030 Conditional Uses The following conditional uses shall be permitted in a C-2 district, in accordance with the requirements set forth in CBMC 15.27: Adult entertainment, as further limited by CBMC 15.15.060; Automobile repair, major; Automobile sales and rental, as further limited by CBMC 15.15.060; Automobile sales and rental, indoor; Commercial storage; Communication tower; Day care services; Manufacturing, light (fifty thousand (50,000) square feet or less);
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.