$1,750,000
COUNCIL BLUFFS, IA 51501
MLS# 23-683
Status: Closed
28278 sqft
1 / 28
Property Description
This highly visible medical clinic sits on over 7.5 acres and would make a fabulous buy and hold investment with excellent potential for future redevelopment given it is immediately adjacent to a new Walmart Super Center and has easy access to I-29 via the bustling N 16th Street thoroughfare. The current tenant just extended their NNN lease through March 31, 2029, the building has a 10 year old roof, and has been well maintained inside and out. an adjacent 4 acre drainage/retention parcel will convey in addition to the 7.55 acre primary parcel giving you a total of 11.55 acres surrounded by new commercial development and a high density of multifamily and single family residences.
Details
Maps
Contract Information
Sale: For Sale
Bank Owned?: No
Agent Equity: No
Current Price: $1,750,000
Status: Closed
Listing Date: 2023-05-03
Sold Price: $1,750,000
General Property Description
Location: Free Standing
Leased: All
Building Size: 20,001 - 50,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: Yes
SF Manufacturing: 0
SF Warehouse: 6490
SF Office: 21788
SF Mezzanine: 0
SF Freezer: 0
SF Refrigerator: 0
SF Other: 0
Lrgst Cnt SF Lease: 25657
Lot Dimensions: 7.556 acres
Type of Property: Real Estate Only
Year Built: 1978
Tot Fnshd SF: 28278
Location, Tax & Legal
Located City/County: City
Legal: 2 Parcels: 7544 23 405 005 AND 7544 23 376 002
Parcel No.: 7544 23 405 005 AND 7544 23 376 002
Current REIDS Yr Pd: N/A
Insurance: Yes
Area: Area 1
House #: 1702
Street Direction Pfx: N
Street Name: 16TH
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51501
Remarks & Misc
Directions: Just south of the N 16th I-29 interchange (Walmart shopping center)
Office/Member Info
Net Taxes: 71774
Tax Year: 2021
Status Change Info
Type Of Financing: Cash
Status Change Date: 2023-06-26
Under Contract Date: 2023-05-04
Sold Date: 2023-06-26
Sold Price: $1,750,000
Possession
Subject to Tenant: 1
Construction
Other - See Remarks: 1
Roof
Flat: 1
Terms
Other - See Remarks: 1
Potential Use
Diversified: 1
Medical: 1
Office: 1
Professional: 1
Other - See Remarks: 1
Documents on File
Aerial Photo: 1
Improved Structure
Yes: 1
Lease/Rent Includes
Tenant Pays Ins: 1
Tenant Pays Taxes: 1
Tenant Pays Water: 1
Other - See Remarks: 1
Parking
Parking Area: 1
Paved: 1
50 or More: 1
Number of Stories
One: 1
Floors
Other - See Remarks: 1
Walls
Drywall: 1
Utilities
Electricity: 1
Gas: 1
Phone Available: 1
Sewer: 1
Water: 1
Foundation/Basement
Concrete: 1
Slab: 1
Heating/Cooling
Central Air: 1
Heat Pump: 1
Misc Amenities
Alarms: 1
Fire Escape: 1
HW Heater: 1
Sprinkler Live: 1
Ceiling Height
8': 1
14' or Over: 1
Door Height
No - OHD: 1
Door Width
No - OHD: 1
Docks
None: 1
Mortgage Info
Gross Taxes: 74709
Tax Year: 2021
Restrooms
Three or More: 1
Wiring
400 or More: 1
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
Property Features
Terms: Other - See Remarks
Potential Use: Diversified; Medical; Office; Professional; Other - See Remarks
Documents on File: Aerial Photo
Improved Structure: Yes
Parking: Parking Area; Paved; 50 or More
Construction: Other - See Remarks
Number of Stories: One
Floors: Other - See Remarks
Walls: Drywall
Roof: Flat
Misc Amenities: Alarms; Fire Escape; HW Heater; Sprinkler Live
Ceiling Height: 8'; 14' or Over
Door Height: No - OHD
Door Width: No - OHD
Docks: None
Restrooms: Three or More
Wiring: 400 or More; Unknown
Flood Zone: None
Possession: Subject to Tenant
To Show: 24 Hr Notice; Call Agent
Utilities: Electricity; Gas; Phone Available; Sewer; Water
Listing Office: Heartland Properties
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.