Commercial Land Development
For Sale
$2,100,000
501 E Hillcrest Avenue, Indianola, IA 50125
Land, Indianola, IA
Property SizeContact for details
Lot Size48.00 Acres
Days on Market96
Property Features for 501 E Hillcrest Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
Ag
Directions
From highway 65/69 turn E onto E Hillcrest. Property is on the S side of the Rd.
Subdivision
Indianola
Standard status
Active
APN
49360000010
Lot size
48.00 Acres
Taxes and HOA fees
Tax Description
19-76-23 INDIANOLA CAL HULENS SUB DIV PCL AK LOT 1 SEE 49023190400/0428/0450 FOR REST OF PCL AK
Tax Annual Amount
4345
Legal Description
19-76-23 INDIANOLA CAL HULENS SUB DIV PCL AK LOT 1 SEE 49023190400/0428/0450 FOR REST OF PCL AK
Utilities
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Iowa Realty Indianola
(515) 453-6600
Listed By:
Josh Baker · License #S66145000
(515) 453-6616
Added: May 22
Changed: Aug 19
Last Checked: Aug 25 at 2:06PM
MLS# 741416
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land development site offers 48+/- acres of rolling terrain and multiple access points, including a private 5-acre pond. A home is located on the north end of the property, which may support immediate rental income use while development planning is underway.
The site is positioned directly along Hwy 65/69 on the north side of Indianola in Warren County. The City of Indianola’s Comprehensive Plan designates the property for C-2 Commercial & Low/Med Density Res, providing flexibility for mixed-use development and commercial expansion.
Utilities and site services include public water and septic tank, supporting practical development and phasing considerations for future improvements. The surrounding area is described as an active commercial corridor with established businesses and medical and professional uses near Summercrest Hills, along with additional retail development and a future sports complex/fieldhouse.
The site is positioned directly along Hwy 65/69 on the north side of Indianola in Warren County. The City of Indianola’s Comprehensive Plan designates the property for C-2 Commercial & Low/Med Density Res, providing flexibility for mixed-use development and commercial expansion.
Utilities and site services include public water and septic tank, supporting practical development and phasing considerations for future improvements. The surrounding area is described as an active commercial corridor with established businesses and medical and professional uses near Summercrest Hills, along with additional retail development and a future sports complex/fieldhouse.
Key Highlights
- 48+/- acres with rolling terrain and multiple access points
- Directly along Hwy 65/69
- Private 5‑acre pond on site
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 50125, IA
20,906
Population
8,039
Households
2.6
Avg Household Size
39
Median Age
34%
College-Educated
97%
High-School Grad
162.4 sq mi
ZIP Area
129
Density / Sq Mi
$86,463
Median Household Income
$42,822
Median Earnings
$975
Median Rent
$248,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development land with a private pond, rolling terrain, public water, and septic tank for on-site services.
Where is this commercial land located?
The property is located at 501 E Hillcrest Avenue Indianola, IA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 48+/- acres with rolling terrain and multiple access points; Directly along Hwy 65/69; Private 5‑acre pond on site
