Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Grand Ave. Mount Pleasant, IA 52641

    View on Map
    Claim this Listing
    For Sale
    $150,000

    COMMERCIAL - Other - Mount Pleasant, IA

    Lot size:
    1.15 Acres
    Added:
    Sep 21, 2023
    Days on Market:
    951
    Last Refresh:
    Apr 28 at 11:06 pm

    Property Features for Grand Ave.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    411080332701700
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    IRIS CITY PLAZA LT A OF LT 5 (legal on abstract to govern)
    Tax Annual Amount
    5112

    Utilities

    Utilities
    Water Available

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Ebersole
    Dennis Ebersole

    Listing agent Dennis Ebersole License #***

    Listing office Meadow and Main Inc. 129 N Jefferson St., Mount Pleasant, IA

    Listing date Sep 21, 2023

    MLS# 6311646

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Grand Avenue

    This 1.15-acre commercial land is located on Grand Avenue in Mount Pleasant, Iowa. The property offers easy access and high visibility, situated across from the local Walmart store. This location may be suitable for establishing a new business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mount Pleasant
    County
    Henry
    State
    Iowa
    Longitude
    -91.538435
    Latitude
    40.960949

    Nearby Similar for Sale

    • $51,900

      Residential Land in Mount Pleasant, IA

      1.5 acre residential lot with mature timber and city water.
      1571 Oakland Mills Road, Mount Pleasant, IA 52641
      View Details
    • $259,000
      1,434 SF

      Modern Multi-Family Home, Built 2017

      Modern multi-family home built in 2017 with zero-entry access.
      614 N Lincoln Unit 101, Mount Pleasant, IA 52641
      View Details
    • $259,000
      1,434 SF

      Modern Multi-Family Home, Built 2017

      Zero-entry, open-concept home near Mapleleaf Athletic Complex.
      614 N Lincoln Street Unit 102, Mount Pleasant, IA 52641
      View Details
    • $1,112,000

      Versatile Land with Income Potential

      139 acres of pasture and timber, ideal for recreation.
      1400 190th St., Mount Pleasant, IA 52641
      View Details
    • $256,975

      Executive Rural Building Site Opportunity

      27.05 acre building site near Mt. Pleasant, Iowa.
      Hickory Avenue, Mount Pleasant, IA 52641
      View Details
    • $745,000

      Productive Farmland in Henry County, Iowa

      40-acre farm with a CSR2 rating of 90.6.
      TBD Logan Ave, Mount Pleasant, IA 52641
      View Details
    • $27,000

      Residential Lot Near Health Center

      Building lot near amenities, suitable for single-family or duplex.
      502 S White St., Mount Pleasant, IA 52641
      View Details
    • $74,900

      Prime Commercial Lot Available

      High-visibility corner lot near national businesses in Mount Pleasant, Iowa.
      3-71-6 N Grand Avenue, Mount Pleasant, IA 52641
      View Details
    • $48,000

      Mount Pleasant Building Site

      0.8 acre building site in established neighborhood.
      1839 249th Street, Mount Pleasant, IA 52641
      View Details
    • $46,500

      Residential Lot in Bell Estates

      Residential lot in new subdivision near McMillian Park.
      906 S Smith St., Mount Pleasant, IA 52641
      View Details
    • $54,500

      Residential Land Near Country Club

      1.89 acre residential lot near Mount Pleasant Country Club.
      Pin Oaks Ln Lot 14, Mount Pleasant, IA 52641
      View Details
    • $22,000

      Residential Land in Quiet Area

      Land for residential construction in a serene, established community.
      1516 S SPRUCE Avenue, Mount Pleasant, IA 52641
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.15 acres of commercial land with high visibility.
    Where is this commercial land located?
    The property is located at Grand Ave. Mount Pleasant, IA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Great location on N. Grand Ave.; Easy access and great visibility.; Across from the local Walmart store.
    (319) 217-0658
    We can help!
    Listing Contact
    Dennis Ebersole
    Dennis Ebersole
    Real Estate License ID: ***
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!