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Multi-Tenant Industrial Flex Building
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1821 SE MIEHE DR, Grimes, IA 50111

Multi-tenant industrial flex building with four drive-in doors, floor drains, and suites including vacant and month-to-month space.

Property Size11,000 SF
Lot Size1.42 Acres
Price / SF$150
Days on Market52

Property Features for 1821 SE MIEHE DR

General Information

Standard status Active
Size 11,000 SF
Total Parking Spaces 16
Lot size 1.42 Acres
Property subtype Industrial
Zoning M-1A - Commercial & Limited Light Industrial
Occupancy 27%
Investment Type Owner/User

Additional Details

Drive-In Doors 4

Building Details

Year Built 2002
Buildings 1
Stories 1
Units 3
Tenancy Multi
Listing Agency: Temple
Listed By: Dillon Temple · License #IA 65014000
Source: Crexi
Added: Jul 17 Changed: Aug 16 Last Checked: Sep 1 at 4:39AM

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 Temple

Investment Insights

Based on property information with market context.

1821 SE Miehe Dr offers an 11,000-square-foot multi-tenant industrial flex building on 1.422 acres. The property includes four overhead drive-in doors and floor drains, supporting a range of industrial, warehouse, service, and flex uses. Current space is split between approximately 8,000 square feet that is vacant and available, and a 3,000-square-foot suite occupied on a month-to-month lease.

The site is positioned in Grimes’ industrial corridor with convenient access to major transportation routes and the Des Moines metro.

As a for-sale opportunity, the building may suit an owner-user looking for immediate occupancy alongside flexibility in the remaining suite, or an investor seeking in-place income with available space.

Key Highlights

  • 11,000 SF multi‑tenant industrial flex building built in 2002 on 1.422 acres
  • Approximately 8,000 SF currently vacant and available for an owner‑user
  • 3,000 SF suite occupied on a month‑to‑month lease

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Auto Parts Store Grocery & Convenience Store Bakery

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

Lease Details

4
Drive-in doors

Location Intelligence

Trade Area within ½ mile

201
Businesses Nearby
Under-served
Demand for This Use

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 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?
Flex space - Multi-tenant industrial flex building with four drive-in doors, floor drains, and suites including vacant and month-to-month space.
Where is this flex space located?
The property is located at 1821 SE MIEHE DR Grimes, IA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 11,000 SF multi‑tenant industrial flex building built in 2002 on 1.422 acres; Approximately 8,000 SF currently vacant and available for an owner‑user; 3,000 SF suite occupied on a month‑to‑month lease
More about this property
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