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    1151 Gateway Dr Grimes, IA 50111

    Sponsored
    For Sale
    $879,408

    Prime Commercial Land in Hope Development

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional offering presents five commercial lots totaling 1.12 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 high-profile location benefits from its proximity to Hy-Vee's substantial 100,000+ square foot grocery store, a key anchor tenant within the $250 million Hope Development. This vibrant mixed-use development encompasses commercial, residential, and a significant 50-acre turf sports facility, ensuring a thriving and diverse surrounding environment. The lots, identified as Lot 6 on the aerial view, offer significant potential for a variety of commercial ventures, capitalizing on the high traffic counts and strong community growth. This is a rare opportunity to secure a prime commercial location within a rapidly expanding and highly desirable area. The asking price for this exceptional property is $879,408. Don't miss this chance to establish your business in a thriving community with exceptional visibility and access. Contact us today to learn more about this exciting investment opportunity.

    Property Features for 1151 Gateway Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    48,787 SF
    Property Profile 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
    -93.7858
    Latitude
    41.6794

    Nearby Comparable

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      Grimes Commercial Land - $1.1M

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    Nearby Similar for Sale

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      Grimes Commercial Lots - Highway 141

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      Hope Plaza II: Grimes Retail Center

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      Grimes Retail Center - Prime Location

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land in Hope Development
    Where is this commercial real estate located?
    The property is located at 1151 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $879,408.
    (515) 334-3345
    Request Owner's contact information
    1151 Gateway Dr Grimes, IA 50111
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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
    1151 Gateway Dr Grimes, IA 50111
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