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    1201 Gateway Dr Grimes, IA 50111

    For Sale
    $892,701

    Prime Commercial Land, Hope Development

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional opportunity presents five commercial lots totaling 1.52 acres, ideally situated at the east entrance of the burgeoning Hope Commercial Development in Grimes, Iowa. Boasting unparalleled visibility from Highway 141, these lots command a prime location on the main thoroughfare traversing the entire 211-acre development. The high-traffic area ensures significant exposure for any business. The Hope Development, a $250 million project, is anchored by a substantial Hy-Vee grocery store exceeding 100,000 square feet, establishing a strong foundation for future growth and attracting a substantial customer base. Beyond the retail anchor, the development encompasses a diverse mix of commercial and residential properties, further enhancing the area's appeal and potential. A planned 50-acre turf sports facility will add to the vibrancy and draw of the community. Lot 2, as shown in the aerial, offers an exceptional chance to establish a thriving business within a rapidly expanding and well-planned commercial hub. The property's strategic location and the overall development's impressive scale make this an investment opportunity not to be missed. The asking price for this exceptional offering is $892,701.

    Property Features for 1201 Gateway Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    66,211 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.77701
    Latitude
    41.67871

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land, Hope Development
    Where is this commercial real estate located?
    The property is located at 1201 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $892,701.
    (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
    1201 Gateway Dr Grimes, IA 50111
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