Retail Pad
For Lease
Contact for pricing
509 8th St SW, Altoona, IA 50009
Retail pad site with frontage to 8th St SW and over 16,300 AADT, available for BTS or general leasing.
Space SizeContact for details
Lot Size0.70 Acres
Days on Market813
Property Features for 509 8th St SW
General Information
Standard status
Active
Lot size
0.70 Acres
Property subtype
LAND
Spaces For Lease
at 509 8th St SW
.7 Acres of Retail Land for Ground Lease or Sale
AVAILABLE
Type
LAND
Rate
Contact for pricing
Property Description
Retail Pad site available for purchase, BTS or GL next to our new construction, Class A mixed-use multifamily development project with over 200 units and 7500 SF of retail space. Frontage to 8th St SW with over 16,300 AADT according to Iowa DOT. Altoona, IA is home to Adventureland Resort, Prairie Meadows Racetrack
and Casino and The Outlets of Des Moines which combine to attract over 1.5 million visitors annually.
Altoona has shown strong growth with a 2022 population of 21,503. A 9.8% increase from 2020. Altoona has issued over $700M worth of commercial construction permits in 2021 and 2022.
Contact us
Listing Agency:
NAI Iowa Realty Commercial
(515) 453-5429
Listed By:
Daniel Dempsey
(515) 306-0794
Source:
Moodyscre
Added: Aug 6, 2024
Changed: Oct 26
Last Checked: Oct 26 at 5:14PM
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
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Investment Insights
Based on property information with market context.
This offering provides a retail pad site available for purchase for build-to-suit or general leasing. The site is positioned next to a new construction Class A mixed-use multifamily development that includes more than 200 residential units and 7,500 SF of retail space.
The property has frontage to 8th St SW, with Iowa DOT reporting over 16,300 AADT. Altoona, IA is home to Adventureland Resort, Prairie Meadows Racetrack and Casino, and The Outlets of Des Moines, which together draw more than 1.5 million visitors annually.
The area has also shown sustained commercial momentum, with Altoona reporting 2022 population of 21,503 and a 9.8% increase from 2020, along with over $700M in commercial construction permits issued in 2021 and 2022.
The property has frontage to 8th St SW, with Iowa DOT reporting over 16,300 AADT. Altoona, IA is home to Adventureland Resort, Prairie Meadows Racetrack and Casino, and The Outlets of Des Moines, which together draw more than 1.5 million visitors annually.
The area has also shown sustained commercial momentum, with Altoona reporting 2022 population of 21,503 and a 9.8% increase from 2020, along with over $700M in commercial construction permits issued in 2021 and 2022.
Key Highlights
- Retail pad site available for purchase, BTS or general leasing next to a new Class A mixed‑use multifamily development
- Frontage on 8th St SW with over 16,300 AADT (per Iowa DOT)
- New development next door includes over 200 multifamily units and about 7,500 SF of retail space
Property Analytics
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Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
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Business Placement
Demographics for 50009, IA
21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Retail pad site with frontage to 8th St SW and over 16,300 AADT, available for BTS or general leasing.
Where is this commercial land located?
The property is located at 509 8th St SW Altoona, IA.
What are key features of this property?
This property features: Retail pad site available for purchase, BTS or general leasing next to a new Class A mixed‑use multifamily development; Frontage on 8th St SW with over 16,300 AADT (per Iowa DOT); New development next door includes over 200 multifamily units and about 7,500 SF of retail space
