$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
Current Price: $1,750,000
Status: Closed
Listing Date: 2023-05-03
Sold Price: $1,750,000
Sale: For Sale
Bank Owned?: No
Agent Equity: No
General Property Description
Type of Property: Real Estate Only
Location: Free Standing
Leased: All
Building Size: 20,001 - 50,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: Yes
Year Built: 1978
SF Warehouse: 6490
SF Office: 21788
Tot Fnshd SF: 28278
Lrgst Cnt SF Lease: 25657
Lot Dimensions: 7.556 acres
Location, Tax & Legal
Area: Area 1
House #: 1702
Street Direction Pfx: N
Street Name: 16TH
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51501
Status Change Info
Status Change Date: 2023-06-26
Under Contract Date: 2023-05-04
Sold Date: 2023-06-26
Sold Price: $1,750,000
Type Of Financing: Cash
Mortgage Info
Gross Taxes: 74709
Tax Year: 2021
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: July - 01 - 2026
Information deemed reliable but not guaranteed.