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    Johnston, IA Urbandale, IA Granger, IA Des Moines, IA Waukee, IA Clive, IA West Des Moines, IA Polk City, IA
    New Bank Building with Absolute NNN Lease
    Updated: Apr 30
    New Bank Building with Absolute NNN Lease

    331 Northeast Cypress Drive, Grimes, IA 50111

    Contact for pricing
    4,500 sqft
    Newly constructed 4,500 SF bank property with a 2026 year built
    New 10‑year absolute NNN lease with U.S. Bank National Association
    Lease includes 2% annual rent increases and four five‑year extension options
    U.S. Bank National Association carries an S&P A+ rating
    C‑2 - Highway Commercial District zoning
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Grimes, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Office Building with Drive-Through
    Office Building with Drive-Through

    320 3rd Street SE, Cedar Rapids, IA 52401

    Contact for pricing
    19,200 sqft 0.46 AC lot

    Two floors provide private offices, conference rooms, kitchens, open work areas, and suite restrooms for professional operations.

    View details
    Downtown Bank Complex with Parking
    Downtown Bank Complex with Parking

    222 2nd Ave Se, Cedar Rapids, IA 52401

    $10,700,000
    186,355 sqft

    Historic 1925 bank building with surface lot and large parking garage for downtown redevelopment.

    View details
    Former Bank Drive-Through Space
    Former Bank Drive-Through Space

    57 E Tower Park Drive, Waterloo, IA 50701

    Contact for pricing
    2,295 sqft

    Former bank branch with three private offices, lobby, and a large canopy-supported drive-through setup.

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    Retail Banking Building with Drive-Thru
    Retail Banking Building with Drive-Thru

    2532 Crossroads Boulevard, Waterloo, IA 50702

    Contact for pricing
    6,714 sqft 2.50 AC lot

    Standalone retail banking building includes a drive-thru canopy and large paved outdoor area for flexible retail use.

    View details

    Off-Market Properties in Grimes, IA

    Consider similar Off-Market properties in Grimes, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    221 Gtwy Dr
    FINANCIAL BUILDING

    221 Gtwy Dr, Grimes, IA 50111-1283

    $95,000
    Estimated value
    12,767 sqft 1.48 AC lot
    View details
    1701 1st St
    FINANCIAL BUILDING

    1701 1st St, Grimes, IA 50111-5274

    $905,000
    Estimated value
    10,870 sqft 1.80 AC lot
    View details
    1051 Gtwy Dr
    FINANCIAL BUILDING

    1051 Gtwy Dr, Grimes, IA 50111-1258

    $530,000
    Estimated value
    9,916 sqft 3.00 AC lot
    View details
    925 Gtwy Dr
    FINANCIAL BUILDING

    925 Gtwy Dr, Grimes, IA 50111-6638

    $380,000
    Estimated value
    10,116 sqft 1.91 AC lot
    View details
    150 Gtwy Dr
    FINANCIAL BUILDING

    150 Gtwy Dr, Grimes, IA 50111-2176

    $280,000
    Estimated value
    2,763 sqft 0.69 AC lot
    View details
    110 Main St
    FINANCIAL BUILDING

    110 Main St, Grimes, IA 50111-2193

    $210,000
    Estimated value
    3,000 sqft 0.40 AC lot
    View details
    100 Jacob St
    FINANCIAL BUILDING

    100 Jacob St, Grimes, IA 50111-2093

    $305,000
    Estimated value
    5,433 sqft 0.65 AC lot
    View details

    Grimes, IA Banks Market Trends and Statistics

    Explore 8 banks for sale in Grimes, IA on our real estate platform. These investment opportunities span a total of 4,500 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Banks 1
    Shopping centers 1
    Showrooms 1
    Storefront properties 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) +18.1%
    Median Household Income $108,352
    College Educated 64.1%

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $36.10 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Polk County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Grimes fall within the 50,000 to 100,000 square foot range.

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