$480,000
COUNCIL BLUFFS, IA 51501
MLS# 24-507
Status: Closed
11225 sqft
1 / 23
Property Description
Situated in the heart of Council Bluffs, this uniquely positioned I-1 zoned warehouse/shop property offers lots of opportunities. The building is currently divided into three separate tenant spaces of 6200, 3405 and 1620 square feet each, the 6200 SF space is currently vacant and being marketed for lease at $2750/mo while the other two are leased at $1200 and $900 each. With multiple overhead doors and dock doors this building offers spaces that are suitable for many uses, and has always been easy to rent. The property is low maintenance for the owner, and generates a great cash flow. The seller will sell with owner financing with $50,000 down at 7.5% interest fixed for 15 years, these terms are far more attractive than you will find at any traditional lending institution today!
Details
Maps
Contract Information
Sale: For Sale
Bank Owned?: No
Agent Equity: No
Current Price: $480,000
Status: Closed
Listing Date: 2024-03-23
Sold Price: $480,000
General Property Description
Location: Downtown
Leased: Multiple Tenants
Building Size: 10,001 - 20,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: No
SF Manufacturing: 0
SF Warehouse: 10325
SF Office: 900
SF Mezzanine: 625
SF Freezer: 0
SF Refrigerator: 0
SF Other: 0
Lrgst Cnt SF Lease: 3405
Lot Dimensions: 0.37 Acres
Type of Property: Real Estate Only
Year Built: 1966
Tot Fnshd SF: 11225
Location, Tax & Legal
Located City/County: City
Legal: BEERS ADD PT LTS 3 THRU 6 BLK 9
Parcel No.: 7544 26 494 001
Zoning: I-1
Current REIDS Yr Pd: N/A
Insurance: Y
Area: Area 4
House #: 1
Street Direction Pfx: S
Street Name: 12TH
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51501
Remarks & Misc
Directions: 2nd Ave to S 12th St then north to building.
Office/Member Info
Net Taxes: 9532
Tax Year: 2022
Status Change Info
Type Of Financing: Contract For Deed
Status Change Date: 2024-07-01
Under Contract Date: 2024-06-04
Sold Date: 2024-06-28
Sold Price: $480,000
Construction
Metal: 1
Roof
Metal: 1
Terms
Contract: 1
Potential Use
Diversified: 1
Shop: 1
Warehouse: 1
Other - See Remarks: 1
Documents on File
Aerial Photo: 1
Number of Stories
One: 1
Floors
Conc Slab: 1
Utilities
Electricity: 1
Gas: 1
Water: 1
Heating/Cooling
Other - See Remarks: 1
Ceiling Height
9': 1
14' or Over: 1
Door Height
8': 1
10': 1
12': 1
More Than 12': 1
Door Width
8': 1
12': 1
Docks
Pit Dock: 1
Semi: 1
Mortgage Info
Gross Taxes: 9532
Restrooms
One: 1
Wiring
Unknown: 1
Flood Zone
None: 1
To Show
24 Hr Notice: 1
Call Agent: 1
Status Info
Sold Status: Sold Inner Office
REIDS Incl Sale Prc: No
Sale Price Incl Lot: Yes
Photo Certification
I own the photos or have the right to use.: Yes
Property Features
Terms: Contract
Potential Use: Diversified; Shop; Warehouse; Other - See Remarks
Documents on File: Aerial Photo
Construction: Metal
Number of Stories: One
Floors: Conc Slab
Roof: Metal
Ceiling Height: 9'; 14' or Over
Door Height: 8'; 10'; 12'; More Than 12'
Door Width: 8'; 12'
Docks: Pit Dock; Semi
Restrooms: One
Wiring: Unknown
Flood Zone: None
To Show: 24 Hr Notice; Call Agent
Utilities: Electricity; Gas; Water
Listing Office: Heartland Properties
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.