Listing Agency: NAI Iowa Realty Commercial - Des Moines

Listed By: John R. Knapp · License #IA S24451000

Source: Crexi

Added: Apr 10 Changed: Aug 15 Last Checked: Aug 29 at 11:25PM

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Investment Insights

Based on property information with market context.

Offered for sale are fully developed industrial lots with heavy industrial zoning and outside storage permitted. Public remarks indicate only five lots remain in Plat 3, and the sites can be sold individually or combined to accommodate larger users.

The property is located in Elkhart, just north of Ankeny and minutes from Ames, providing convenient proximity to the surrounding market.

Public remarks also state that Lots 3 and 4 of Plat 1 are suitable for commercial development, with potential for uses such as a convenience store, bank, automotive repair, and similar applications. Buyers may want to review lot-level details and development plans with the appropriate professionals before selecting a specific configuration.

Key Highlights

• Heavy industrial zoning with outside storage permitted
• Only five fully developed industrial lots remaining in Plat 3
• Lots can be sold individually or combined for larger users

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom HVAC Service Auto Repair Shop

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

21

Businesses Nearby

Explore this area Business Placement

Demographics for 50073, IA

1,405

Population

555

Households

2.5

Avg Household Size

36

Median Age

38%

College-Educated

96%

High-School Grad

26.2 sq mi

ZIP Area

54

Density / Sq Mi

$94,712

Median Household Income

$64,803

Median Earnings

$678

Median Rent

$275,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - Heavy industrial zoning with outside storage permitted, with only five fully developed lots remaining in Plat 3.

Where is this industrial land located?

The property is located at 1510 W Walnut Street Elkhart, IA.

What are key features of this property?

This property features: Heavy industrial zoning with outside storage permitted; Only five fully developed industrial lots remaining in Plat 3; Lots can be sold individually or combined for larger users