$1,350,000
COUNCIL BLUFFS, IA 51503
MLS# 24-1437
Status: Closed
10000 sqft
1 / 20
Property Description
This high visibility fully leased strip center is just the investment you've been looking for! With many major improvements made in recent years, and a brand new roof to be installed this August, this property should need nothing but management and on going routine maintenance. The plaza features 5 street level suites on the McPherson Ave facing side of the building, and has 4 additional tenants in the lower level giving you 9 separate lease spaces that are all full with steady solid tenants. Uses within the plaza include a healthy mix of professional, office, and service related businesses, most of whom have several years left on their lease agreements. The property is well run and maintained, and should be a great turn key investment to add to your portfolio.
Details
Maps
Documents
Contract Information
Sale: For Sale
Bank Owned?: No
Agent Equity: No
Current Price: $1,350,000
Status: Closed
Listing Date: 2024-07-29
Sold Price: $1,350,000
General Property Description
Location: Strip Center
Leased: Multiple Tenants
Building Size: 5,001 - 10,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: No
SF Manufacturing: 0
SF Warehouse: 0
SF Office: 10000
SF Mezzanine: 0
SF Freezer: 0
SF Refrigerator: 0
SF Other: 0
Lrgst Cnt SF Lease: 1100
Lot Dimensions: 1.1 Acres
Type of Property: Real Estate Only
Year Built: 1968
Tot Fnshd SF: 10000
Location, Tax & Legal
Located City/County: City
Legal: Too lengthy, see pottco.org
Parcel No.: 7543 32 128 001
Current REIDS Yr Pd: N/A
Insurance: State Farm
Area: Area 8
House #: 1705
Street Name: MCPHERSON
Street Suffix: Avenue
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51503
Office/Member Info
Net Taxes: 18740
Tax Year: 2022
Status Change Info
Type Of Financing: Conventional
Status Change Date: 2024-09-30
Under Contract Date: 2024-08-01
Sold Date: 2024-09-30
Sold Price: $1,350,000
Possession
At Closing: 1
Subject to Tenant: 1
Construction
Conc Block: 1
Roof
Flat: 1
Terms
Sell In Entirety: 1
Other - See Remarks: 1
Potential Use
Diversified: 1
Medical: 1
Office: 1
Professional: 1
Retail: 1
Other - See Remarks: 1
Improved Structure
Yes: 1
Parking
Paved: 1
20 - 50: 1
Number of Stories
Other - See Remarks: 1
Floors
Carpet: 1
Conc Slab: 1
Other - See Remarks: 1
Walls
Drywall: 1
Utilities
Electricity: 1
Gas: 1
Phone Available: 1
Sewer: 1
Water: 1
Foundation/Basement
Full: 1
Other - See Remarks: 1
Heating/Cooling
Central Air: 1
Forced Air: 1
Natural Gas: 1
Ceiling Height
8': 1
Door Height
No - OHD: 1
Door Width
No - OHD: 1
Docks
None: 1
Mortgage Info
Gross Taxes: 18740
Tax Year: 2022
Restrooms
Three or More: 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: Sell In Entirety; Other - See Remarks
Potential Use: Diversified; Medical; Office; Professional; Retail; Other - See Remarks
Improved Structure: Yes
Parking: Paved; 20 - 50
Construction: Conc Block
Number of Stories: Other - See Remarks
Floors: Carpet; Conc Slab; Other - See Remarks
Walls: Drywall
Roof: Flat
Ceiling Height: 8'
Door Height: No - OHD
Door Width: No - OHD
Docks: None
Restrooms: Three or More
Flood Zone: None
Possession: At Closing; Subject to Tenant
To Show: 24 Hr Notice; Call Agent
Utilities: Electricity; Gas; Phone Available; Sewer; Water
Brochure 
Listing Office: Heartland Properties
Last Updated: September - 30 - 2024
Information deemed reliable but not guaranteed.