Council Bluffs Retail for Sale
The Hub, located at 7 S 4th Street in Council Bluffs, Iowa, is a 35,002 square foot multi-tenant commercial building situated on 1.81 acres. It’s currently configured into three distinct suites, each with its own private entrance, allowing for maximum flexibility in occupancy and future use. Two of the spaces are currently operated by the owner and generate significant traffic. The Hub Trampoline Park—featuring trampolines, a ninja obstacle course, Axe Throwing, and Party Rooms—serves as the only large-scale indoor family entertainment center in Council Bluffs. Alongside it, Wonderbowl operates as a restaurant and bar with outdoor pickleball courts and a fully built-out patio event space. Combined, these businesses attract an estimated 3,000 to 6,000 visitors per month, creating an already established base of consistent foot traffic.
Approximately 8,500 square feet of the building remains vacant. Previously occupied by a cheerleading and tumbling program that served hundreds of student-athletes annually, this space is open, high-ceilinged, and move-in ready. It presents an immediate opportunity for an owner-user to establish or expand operations in a location that already draws families and activity-seekers from Council Bluffs and surrounding towns. The space would be ideal for a gymnastics gym, indoor sports courts, fitness training, batting cages, dance studio, or a golf simulator business. The environment has already proven successful for youth and family-focused programming.
Included in the sale is a separate, three-level parking garage totaling 59,750 square feet with 251 stalls. At present, only about 70% of is leased, which represents a major value-add opportunity for a buyer interested in maximizing recurring income. With additional leasing or event-based parking strategies, this portion of the asset could become a significant revenue stream on its own.
The current owner is willing to lease back the trampoline park and restaurant/bar portions of the building, providing immediate, stable income to a new owner. There is also an assumable loan in place offering financing efficiency for qualified buyers. Zoned C-4, The Hub is structurally sound, visibility strong, and use options broad. For an investor looking for stable income with upside, or for a business owner seeking a space that offers both scale and a built-in audience, The Hub is a compelling acquisition with real growth potential.
