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    1101 1St St Grimes, IA 50111

    For Sale
    Contact for pricing

    High-traffic retail space, excellent visibility.

    Property size:
    20,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 20,250 square foot retail building presents a remarkable investment opportunity in the thriving Hope District of Grimes, Iowa. Strategically positioned at the district's entrance, this property boasts unparalleled visibility and accessibility, ensuring high foot traffic and strong brand recognition. The building's prime location places it in close proximity to a diverse range of established businesses, including Grimes-Plex, Hy-Vee, Culver's, Arby's, Jiffy Lube, and DUPACO Credit Union, creating a synergistic environment and attracting a substantial customer base. The 2.59-acre lot offers ample space for potential expansion or additional development, providing significant long-term growth potential. The current lease rate is $28 per square foot, triple net (NNN). This property is ideal for a variety of retail uses and represents a rare opportunity to acquire a well-situated, high-performing commercial asset in a rapidly growing community. The building's size and location make it an attractive option for businesses seeking a prominent presence in a vibrant and expanding market. Don't miss this chance to secure a valuable piece of Grimes' commercial real estate landscape. Contact us today to schedule a showing and explore the possibilities.

    Property Features for 1101 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    20,250 SF
    Lot Size
    112,820 SF

    Building Details

    Year Built
    2021
    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
    -93.78264
    Latitude
    41.6891

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail space, excellent visibility.
    Where is this commercial real estate located?
    The property is located at 1101 1St St Grimes, IA.
    What is the asking price?
    The asking price for this property is $28.
    (515) 334-3345
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    1101 1St St Grimes, IA 50111
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    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
    1101 1St St Grimes, IA 50111
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