107 S 4th St, Council Bluffs, IA 51503

Fully leased downtown mixed-use investment property offering immediate income and long-term upside. The main floor features a 551 SF commercial unit currently leased at $775/month. Upstairs is a spacious 3-bedroom, 1-bath apartment leased at $1,200/month plus an additional $75/month in pet rent — bringing total monthly income to $2,050 ($24,600 annually). This property is professionally managed, providing a low-maintenance, turnkey option for both local and out-of-town investors. Located just steps from The Hub and the Council Bluffs Library, it's positioned in a high-visibility corridor with consistent tenant demand. Bonus: Two adjacent lots are also available for purchase, offering potential for expansion, off-street parking, or future development — a rare opportunity. Whether you're seeking strong cash flow, a strategic land hold, or flexible redevelopment potential, this property checks all the boxes.