Altoona Multifamily Development
For Sale
Contact for pricing
22nd St SW, Altoona, IA 50009
12.427 acres of R-5 zoned land in Altoona, Iowa.
Property SizeContact for details
Lot Size12.43 Acres
Days on Market149
Property Features for 22nd St SW
General Information
Standard status
Active
Lot size
12.43 Acres
Property subtype
Land
Zoning
R5
Listing Agency:
RE/MAX Real Estate Center
Listed By:
Julie Abel · License #S64512000
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 16 at 11:15AM
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 RE/MAX Real Estate Center
Investment Insights
Based on property information with market context.
This 12.427-acre property is zoned R-5 for multifamily development and is located in Altoona, Iowa, along Highway 65. The R-5 zoning allows for up to 240 multifamily units, making it suitable for apartment or build-to-rent development. The parkland requirement has been satisfied with dedicated parkland bordering the property to the west. The property is adjacent to nursing and single-family residential developments. It is near Altoona amenities including Outlets of Des Moines, Bass Pro Shops Altoona, Adventureland Park, and Prairie Meadows Casino and Racetrack. The location provides access to Interstate 80 and Highway 65 and is approximately 17 miles from the Des Moines International Airport.
Key Highlights
- R‑5 zoning allows for high‑density multifamily development with up to 240 units.
- Prime location in Altoona, a rapidly growing Des Moines suburb.
- Parkland requirements are already satisfied, streamlining the development process.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 12.427 acres of R-5 zoned land in Altoona, Iowa.
Where is this residential land & home lot located?
The property is located at 22nd St SW Altoona, IA.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: R‑5 zoning allows for high‑density multifamily development with up to 240 units.; Prime location in Altoona, a rapidly growing Des Moines suburb.; Parkland requirements are already satisfied, streamlining the development process.
