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    5455 Merle Hay Rd Johnston, IA 50131

    For Sale
    $450,000

    0.641-acre parcel with high visibility and development potential.

    Lot size:
    0.60 Acres

    Property Features for 5455 Merle Hay Rd

    General Information

    Lot size
    0.60 Acres

    Source: RE/MAX Concepts Agent Adam Weltha

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

    Overview

    Prime Land Parcel For Sale

    This 0.641-acre parcel is situated within a larger 9.893-acre area, offering significant potential. The location benefits from high visibility, with over 20,000 Average Annual Daily Traffic (AADT). Zoned PUD, the site allows for a variety of retail or office uses. The property is suited for a fine dining restaurant, entertainment venue, or high-end retail. Tax Increment Financing (TIF) 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
    -93.6971158
    Latitude
    41.6595308

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    FAQs

    What type of property is this?
    Commercial land - 0.641-acre parcel with high visibility and development potential.
    Where is this commercial land located?
    The property is located at 5455 Merle Hay Rd Johnston, IA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime location with high visibility (over 20,000 AADT).; - Significant financial incentive with available Tax Increment Financing (TIF).; - Large 0.641-acre parcel with an additional 9.893 acres surrounding it.
    (515) 290-2417
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    5455 Merle Hay Rd Johnston, IA 50131
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    Johnston, IA 50131
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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
    5455 Merle Hay Rd Johnston, IA 50131
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