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    5495 Merle Hay Rd Johnston, IA 50131

    For Sale
    $1,088,880

    Development land available near Merle Hay Road and I35/I80.

    Property size:
    1 SF
    Lot size:
    1.28 Acres

    Property Features for 5495 Merle Hay Rd

    General Information

    Size
    1 SF
    Lot size
    1.28 Acres

    Source: Tom Hudson Agent Tom Hudson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Development Land For Sale

    This is a prime development land for sale located at the intersection of NW 55th Avenue and Merle Hay Road in Johnston. The site is approximately 1.28 acres (55,840 SF). An adjacent lot of approximately 0.64 acres is available to the south, potentially creating a combined land total of approximately 1.89 acres. The property is zoned PUD (Planned Unit Development) for Retail, Office, and Mixed-Use. The location is approximately 1/2 mile north of I35/I80 on Merle Hay Road. The area around the site features several development projects. To the south, there is Bombers, a 35-acre family entertainment project featuring an indoor golf driving range, arcade, bowling alley, a 96-room hotel, and numerous bars and restaurants. To the south and west is Ignit Sports Complex, a 200,000 square foot recreation facility. To the north, there is a new Starbucks and KwikStar. Traffic counts on Merle Hay Road are 22,300 VPD (Iowa DOT 2024). Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.6971024
    Latitude
    41.6600738

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    FAQs

    What type of property is this?
    Commercial land - Development land available near Merle Hay Road and I35/I80.
    Where is this commercial land located?
    The property is located at 5495 Merle Hay Rd Johnston, IA.
    What is the asking price?
    The asking price for this property is $1,088,880.
    What are key features of this property?
    This property features: - Prime development land with seller financing available.; - Located in a rapidly developing area near Bombers family entertainment project and Ignit Sports Complex.; - High traffic counts on Merle Hay Road (22,300 VPD).
    (515) 777-5684
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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
    5495 Merle Hay Rd Johnston, IA 50131
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