Lest we forget who now owns the furnature location, no other than Cyclone great Gary Thompson, I don't see the city stopping him from planting another strip mall. For one, he's Gary Thompson. Two, the turnover in the council moving pro business, and three, the footprint on that property in terms of the flood plain is almost non existent compared to the box stores.
The possible sites are:
1. The old ISU warehouse site between Target and Walmart
2. Part of the old Benson Motors site
3. Outlot along SE 5th between Target and Walmart.
4. The old O'Malley's spot combined with Ames Rental
5. Vacant lot where Ruttles used to be
One wild card that no one is talking about would be the SE corner of the Kmart parking lot. That store isn't making a dime, and if Eddie Lampert can either sell or lease off some real estate to monetize his Kmart investment, he would do that in a heart beat. It's not like Kmart is ever going to use all those parking spots, and the increase in traffic just may benefit sales within Kmart. The only negative for BWW is that it's not directly on Duff.
Another one would be the bowling alley. If Perfect Games pulls enough of their business away, selling out may make sense for them.
Site #2 would be the best, but at this point the money is too crazy to make it pencil. I don't know enough about the other properties pricewise to comment.