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New Retail Center in Grimes
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825 NE Gateway Dr., Grimes, IA 50111

New retail strip center near high-traffic highway and entertainment district.

Property Size1,600 SF
Lot Size3.12 Acres
Days on Market164

Property Features for 825 NE Gateway Dr.

General Information

Standard status Active
Size 1,600 SF
Lot size 3.12 Acres
Property subtype Retail

Building Details

Year Built 2022
Listing Agency: NAI Iowa Realty Commercial - Des Moines
Listed By: Jerry Marckres · License #S18121000
Source: Naiglobal
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 16 at 3:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Iowa Realty Commercial - Des Moines

Investment Insights

Based on property information with market context.

Hope Plaza II is a newly constructed retail strip center located in Grimes, Iowa, conveniently situated off heavily trafficked Highway 141 and just east of GrimesPlex. GrimesPlex is a new 50-acre synthetic turf multi-sport complex located in Hope District, estimated to attract 1.5 million visitors annually. The Hope District, currently under construction, is planned as a 200-acre multi-use entertainment district that will include retail, restaurants, and hotels. The property offers bay sizes of approximately 1,600 square feet. Monument signage is available. The lot size is 3.118 acres. Current tenants include Caribou Coffee, Papa John's Pizza, Iris & Ray's Eye Attic, and The Iowa Clinic. The location is just west off Highway 141 in Grimes, Iowa. Traffic counts on Highway 141 were 22,000 vehicles per day in 2021.

Key Highlights

  • Located off heavily trafficked HWY 141 with 22,000 VPD (2021).
  • Located just east of GrimesPlex, estimated to draw 1.5 million visitors per year.
  • Part of Hope District, a new 200‑acre multi‑use entertainment district.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby
187k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 40% Shops & Services 22% Home Improvements & Furnishings 22% Dining 16%
Hy-Vee Groceries
53,613 visits/mo 0.3 miles
Menards Home Improvements & Furnishings
40,928 visits/mo 0.4 miles
Kwik Trip Shops & Services
23,725 visits/mo 0.3 miles
Aldi Groceries
21,565 visits/mo 0.5 miles
Culver's Dining
15,787 visits/mo 0.4 miles

Demographics for 50111, IA

16,025
Population
6,345
Households
2.5
Avg Household Size
33
Median Age
48%
College-Educated
99%
High-School Grad
25.1 sq mi
ZIP Area
638
Density / Sq Mi
$108,352
Median Household Income
$59,868
Median Earnings
$1,156
Median Rent
$285,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - New retail strip center near high-traffic highway and entertainment district.
Where is this strip mall located?
The property is located at 825 NE Gateway Dr. Grimes, IA.
What are key features of this property?
This property features: Located off heavily trafficked HWY 141 with 22,000 VPD (2021).; Located just east of GrimesPlex, estimated to draw 1.5 million visitors per year.; Part of Hope District, a new 200‑acre multi‑use entertainment district.
More about this property
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