$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
Current Price: $480,000
Status: Closed
Listing Date: 2024-03-23
Sold Price: $480,000
Sale: For Sale
Bank Owned?: No
Agent Equity: No
General Property Description
Type of Property: Real Estate Only
Location: Downtown
Leased: Multiple Tenants
Building Size: 10,001 - 20,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: No
Year Built: 1966
SF Warehouse: 10325
SF Office: 900
SF Mezzanine: 625
Tot Fnshd SF: 11225
Lrgst Cnt SF Lease: 3405
Lot Dimensions: 0.37 Acres
Location, Tax & Legal
Area: Area 4
House #: 1
Street Direction Pfx: S
Street Name: 12TH
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51501
Status Change Info
Status Change Date: 2024-07-01
Under Contract Date: 2024-06-04
Sold Date: 2024-06-28
Sold Price: $480,000
Type Of Financing: Contract For Deed
Mortgage Info
Gross Taxes: 9532
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: July - 01 - 2026
Information deemed reliable but not guaranteed.