Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Tract in Granger, Iowa Title is generated by Realmo AI

    2220 Kennedy Boulevard, Granger, IA 50109

    View on Map
    Claim this Listing
    For Sale
    $985,000

    LAND - Granger, IA

    Lot size:
    5.30 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    105
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 2220 Kennedy Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    0802427004
    Lot size
    5.30 Acres

    Taxes and HOA fees

    Tax Description
    Exact legal description to be taken from Abstract.
    Tax Annual Amount
    4474

    We can help!

    Listing Contact
    Tessau, Brandon

    Listing agent Tessau, Brandon

    Listing office Peoples Company 1108 S 44th Street, Suite 102, Cumming, IA

    Listing date Jan 29, 2026

    MLS# 733578 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in a high‑growth area of the Des Moines Metro along Highway 141.
    • Strong frontage and visibility ideal for development.
    • City is open to rezoning for higher‑and‑better‑use planning.
    • Utilities in the area and continued municipal infrastructure growth.
    • Potential developer incentives offered.
    • Efficient 5.30 m/l acre footprint allows for flexible layout design.

    Overview

    This 5.30 acre development tract is located along Highway 141 in Granger, Iowa, situated in an active expansion corridor of the northwest Des Moines Metro. The site features frontage and visibility, making it suitable for various development concepts. The surrounding area is experiencing sustained investment and expansion. Utilities are available in the area, and municipal infrastructure is growing. The property is currently zoned R-1, but the city is open to discussing rezoning to allow for higher-and-better-use planning. The site's footprint allows for flexible layout design. Developer incentives may be available. This site is suitable for developers and investors seeking a well-located tract with entitlement momentum in a growth market, offering the potential for multiple end uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Granger
    County
    Dallas
    State
    Iowa
    Longitude
    -93.834678
    Latitude
    41.765299

    Nearby Similar for Sale

    • $395,000

      Granger, IA: 7+ Acre Lot

      Stunning 7+ acre lot to build your dream home.
      11094 NW Rowe Drive, Granger, IA 50109
      View Details
    • $200,000

      Granger, Iowa Industrial Land

      Industrial land available for new construction in Granger, Iowa.
      2207 Court Street, Granger, IA 50109
      View Details
    • $925,000

      Productive Farmland Near Des Moines Metro

      102.58 acres of premium Dallas County farmland for sale.
      170th Street, Granger, IA 50109
      View Details
    • $99,000

      Granger, Iowa Land Parcel

      Last remaining 0.332 acre lot in Twin Eagles Point!
      1502 Hackenberry Place, Granger, IA 50109
      View Details
    • $3,617,300

      Development Ground on High Traffic

      Development ground suitable for office, retail, or mixed-use projects.
      2300 Broadway Street | Granger, IA 50109
      View Details
    • $985,000

      Granger Development Site on Highway

      5.30 acre development tract in growing Des Moines metro.
      2220 Kennedy St, Granger, IA 50109
      View Details
    • $160,000

      2.09 Acres Industrial Land

      2.09 acres of industrial land in Granger, Iowa.
      17579 V Ave, Granger, IA
      View Details
    • $1,295,000
      22,425 SF

      22,425 SF Warehouse For Sale

      22,425 SF warehouse with outdoor storage and 15 drive-in doors.
      18983 Wendover Ave, Granger, IA 50109
      View Details
    • Contact for pricing

      Commercial Land in Emerging Metro

      Land available in an emerging metro location with development opportunities.
      Burr Oak Blvd, Granger, IA
      View Details
    • Contact for pricing

      Commercial Land for Sale

      Land available in emerging metro location with development opportunities.
      Broadway St, Granger, IA
      View Details
    • Contact for pricing

      Commercial Land in Emerging Metro

      Land lots available in professional upscale commercial development.
      Oak Creek Pkwy & Hwy 17, Granger, IA
      View Details
    • Contact for pricing

      Commercial Lots in Emerging Location

      Lots available in an emerging metro location near Des Moines.
      Burr Oak Blvd, Granger, IA 50109
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.3 acre development tract in growing northwest Des Moines metro.
    Where is this commercial land located?
    The property is located at 2220 Kennedy Boulevard Granger, IA.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: Located in a high‑growth area of the Des Moines Metro along Highway 141.; Strong frontage and visibility ideal for development.; City is open to rezoning for higher‑and‑better‑use planning.
    (719) 502-7394
    We can help!
    Listing Contact
    Tessau, Brandon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2220 Kennedy Boulevard, Granger, IA 50109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!