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    1221 Gateway Dr Grimes, IA 50111

    For Sale
    $884,718

    High-visibility lots in thriving Hope Development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional offering presents five commercial lots totaling 1.13 acres, strategically positioned at the eastern entrance of the burgeoning Hope Commercial Development in Grimes, Iowa. Enjoy unparalleled visibility from Highway 141, situated directly on the main thoroughfare traversing this expansive 211-acre master-planned community. The Hope Development represents a significant $250 million investment, boasting a diverse mix of commercial, residential, and recreational components. A key anchor tenant is Hy-Vee, whose substantial 100,000+ square foot grocery store already draws significant traffic to the area. The development also includes a planned 50-acre turf sports facility, further enhancing the area's appeal and attracting a wide range of residents and visitors. These lots (Lot 5 as shown on aerial imagery) offer a unique opportunity to establish a business within a rapidly growing and highly visible location, benefiting from the substantial investment and ongoing development within the Hope Commercial Development. The property's prime location and proximity to a major grocery store and future amenities make it an ideal investment for businesses seeking high visibility and strong potential for growth. This is a rare opportunity to secure a prominent position in a thriving community. The asking price for this exceptional commercial land is $884,718.

    Property Features for 1221 Gateway Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    49,223 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.77585
    Latitude
    41.69761

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility lots in thriving Hope Development.
    Where is this commercial real estate located?
    The property is located at 1221 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $884,718.
    (515) 334-3345
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    Realmo Value Estimation

    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.

    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.

    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
    1221 Gateway Dr Grimes, IA 50111
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