533 South Main St Council Bluffs, IA 51503
For Sale
1 / 10
This exceptional 7,596 square foot storefront at 533 S Main Street in Council Bluffs, Iowa, presents a unique investment opportunity. Built in 1900, this well-maintained brick building boasts a prime downtown location, placing it within close proximity to the Historic 100 Block and numerous other amenities. The asking price is $695,000, translating to $91.50 per square foot. The property consists of a single, two-story building situated on a 0.29-acre lot. The ground floor offers ample retail space, while the second story presents an unfinished apartment featuring recently installed ceiling tiles, lighting, and plumbing hookups, offering significant potential for future development or rental income. Parking is conveniently addressed with three spaces at the rear of the building, supplemented by metered street parking and a nearby 16-space lot across Main Street. Its strategic location provides easy access to major transportation arteries, being only 5 minutes away from the intersection of I-80 and I-29, ensuring high visibility and accessibility for both customers and employees. This property is ideal for a discerning investor seeking a blend of historical charm and modern convenience in a thriving downtown setting. The zip code is 51503.
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WS Industrial Services General Contractor
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Clark Francis E CPA Accounting Firm Tax Preparation
The C-3 district is intended to accommodate office, retail and related activities in the traditional commercial center of the city as well as other appropriate commercial sites. (Ord. 5469 § 1 (part), 1999) 15.16.020 Principal Uses The following principal uses shall be permitted outright in a C-3 district: Automobile service establishment; Business, professi…
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
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Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Council Bluffs, IAThe C-3 district is intended to accommodate office, retail and related activities in the traditional commercial center of the city as well as other appropriate commercial sites. (Ord. 5469 § 1 (part), 1999) 15.16.020 Principal Uses The following principal uses shall be permitted outright in a C-3 district: Automobile service establishment; Business, professional office; Business goods and service establishment; Club or lodge; College or university; Commercial recreation (indoor); Consumer service establishment; Cultural service; Financial service; Funeral service; General government use; Hospital; Hotel/motel; Mixed commercial/residential structure; Newspaper printing; Park and recreation service; Pawn shop; Private parking lot; Public parking lot; Religious assembly; Restaurant (drive-in, limited and general); Retail shopping establishment; School; Second hand store; Tattoo parlor; Tavern; Small alcohol production facility; Dwelling, multifamily; Consumer fireworks sales. (Ord. No. 6027, § 1, 2-23-2009; Ord. No. 6292, § 1, 5-8-2017; Ord. No. 6343, § 1, 8-13-2018) Editor's note- Ord. No. 6027, § 1, adopted Feb. 23, 2009, repealed the former § 15.16.020, and enacted a new CBMC 15.16.020 as set out herein. The former CBMC 15.16.020 pertained to similar subject matter and derived from Ord. No. 5556, § 1, adopted 2001. HISTORY Amended by Ord. 6455 on 6/14/2021 Amended by Ord. 6508 on 7/11/2022 15.16.030 Conditional Uses The following conditional uses shall be permitted in a C-3 district in accordance with the requirements set forth in CBMC 15.27: Communication towers; Day care service. (Ord. 5469 § 1 (part), 1999) 15.16.040 Accessory Uses The following accessory uses shall be permitted in a C-3 district: Uses of land or structures customarily incidental and subordinate to one of the principal uses in the C-3 district, unless otherwise excluded. (Ord. 5469 § 1 (part), 1999) 15.16.050 Site Development Regulations Lots or parcels of land zoned C-3 on or before the effective date of this ordinance and lots or parcels of land in areas less than two acres rezoned to C-3 after the effective date of this ordinance shall not be subject to Minimum Lot Size , set back or lot coverage requirements. Maximum height is limited to one hundred (100) feet for principal structures and twenty-four feet for accessory structures.
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.
