$460,000
COUNCIL BLUFFS, IA 51503
MLS# 24-1520
Status: Closed
7227 sqft
1 / 34
Property Description
This meticulously maintained shop property is being sold with a great tenant with a lease through 3/31/27. The building features a front office of approximately 1110SF that offers 4 offices, a large meeting space and bathroom. Behind the office are 2 enormous shop bays that are connected by an interior overhead door. The South side of the shop has 2 exterior overhead doors, is heated, and has a new sand/oil sediment separator just installed. The North bay is not heated, and has a large overhead door on the West end. Behind the building is a fully fenced private lot with approximately 1300SF of paved parking. If you're looking for passive income on a great commercial property, or have plans to grow your business into a new space in the future then this is a great candidate in either case!
Details
Maps
Documents
Contract Information
Sale: For Sale
Bank Owned?: No
Agent Equity: No
Current Price: $460,000
Status: Closed
Listing Date: 2024-08-07
Sold Price: $460,000
General Property Description
Location: Free Standing
Leased: All
Building Size: 5,001 - 10,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: No
SF Manufacturing: 0
SF Warehouse: 6117
SF Office: 1110
SF Mezzanine: 0
SF Freezer: 0
SF Refrigerator: 0
SF Other: 0
Lrgst Cnt SF Lease: 7227
Lot Dimensions: 97x137
Type of Property: Real Estate Only
Year Built: 1961
Tot Fnshd SF: 7227
Location, Tax & Legal
Located City/County: City
Legal: GRIMES ADD LT 4 & S31.5' LT 5 BLK 2 & 1/2 VAC ALLEY ADJ
Parcel No.: 7544 25 364 005
Current REIDS Yr Pd: N/A
Insurance: Yes
Area: Area 4
House #: 21
Street Direction Pfx: N
Street Name: 8TH
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51503
Office/Member Info
Net Taxes: 4756
Tax Year: 2022
Status Change Info
Type Of Financing: Conventional
Status Change Date: 2024-12-31
Under Contract Date: 2024-11-25
Sold Date: 2024-12-27
Sold Price: $460,000
Possession
At Closing: 1
Construction
Other - See Remarks: 1
Roof
Flat: 1
Metal: 1
Terms
Sell In Entirety: 1
Potential Use
Diversified: 1
Documents on File
Aerial Photo: 1
Improved Structure
Yes: 1
Other - See Remarks: 1
Lease/Rent Includes
Other - See Remarks: 1
Parking
Parking Area: 1
Paved: 1
Gravel: 1
5 - 10: 1
Number of Stories
One: 1
Floors
Conc Slab: 1
Walls
Drywall: 1
Other - See Remarks: 1
Utilities
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Heating/Cooling
Central Air: 1
Forced Air: 1
Natural Gas: 1
Radiant: 1
Misc Amenities
Alarms: 1
Fencing: 1
HW Heater: 1
Other - See Remarks: 1
Ceiling Height
10': 1
Door Width
More Than 12': 1
Mortgage Info
Gross Taxes: 4756
Tax Year: 2022
Restrooms
One: 1
Wiring
Unknown: 1
Flood Zone
Status Unknown: 1
To Show
24 Hr Notice: 1
Call Agent: 1
Status Info
Sold Status: Non-Member List/Member Sold
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
Potential Use: Diversified
Documents on File: Aerial Photo
Improved Structure: Yes; Other - See Remarks
Parking: Parking Area; Paved; Gravel; 5 - 10
Construction: Other - See Remarks
Number of Stories: One
Floors: Conc Slab
Walls: Drywall; Other - See Remarks
Roof: Flat; Metal
Misc Amenities: Alarms; Fencing; HW Heater; Other - See Remarks
Ceiling Height: 10'
Door Width: More Than 12'
Restrooms: One
Wiring: Unknown
Flood Zone: Status Unknown
Possession: At Closing
To Show: 24 Hr Notice; Call Agent
Utilities: Electricity; Gas; Sewer; Water
Parcel Report 
Listing Office: Heartland Properties
Last Updated: December - 31 - 2024
Information deemed reliable but not guaranteed.