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    3605 Gateway Dr Grimes, IA 50111

    Sponsored
    For Sale
    $1,672,710

    Prime Grimes location, high traffic, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.56-acre commercial land parcel presents a unique investment opportunity in the thriving city of Grimes, Iowa. Situated at the northeast corner of Gateway Drive and SE 37th Street, this M-2 zoned property boasts unparalleled visibility and accessibility. Its strategic location directly adjoins the Hy-Vee Fast & Fresh, placing it within a high-traffic area benefiting from the proximity to Highway 141, which sees 15,900 vehicles per day. SE 37th Street itself experiences 3,000 vehicles per day, ensuring consistent exposure for any development. The property's convenient location is further enhanced by its proximity to a variety of established businesses, including Canoyer Garden Center, Green's Appliance, QuikTrip, and Des Moines Toyota. On-site stormwater detention is already complete, simplifying the development process and reducing potential upfront costs. The asking price for this exceptional property is $1,672,710. This is a rare opportunity to acquire a well-situated, fully prepared commercial lot in a rapidly growing area with high traffic counts and established surrounding businesses. Don't miss this chance to capitalize on the potential of this prime Grimes location.

    Property Features for 3605 Gateway Dr

    General Information

    Property type
    Land
    Lot Size
    111,514 SF

    HighLights

    • $1,672,710 asking price for 2.56 acres of commercial land.
    • M‑2 zoning.
    • Located at 3605 SE Gateway Dr, Grimes, IA 50111, at the northeast corner of Gateway Drive and SE 37th.
    • Adjacent to Hy‑Vee Fast & Fresh, near Hwy 141.
    • Onsite stormwater detention complete.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Wholesale Shop Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.776756
    Latitude
    41.658935

    Nearby Comparable

    • $1,672,710

      Development Ready Industrial Land

      Industrial land with utilities and access on 37th and SE Gateway Drive.
      3605 SE Gateway Dr, Grimes, IA 50111
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      Grimes Commercial Land - Highway 141

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      Land for Medical, Office Uses

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      Grimes, IA Land Parcel

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      Commercial Land Near Interstate

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    Nearby Similar for Sale

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      High-traffic location, excellent visibility, 1.1-acre lot.
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      Grimes Commercial Lots - Highway 141

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      21,238 SF

      Hope Plaza II: Grimes Retail Center

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    FAQs

    What type of property is this?
    Land - Prime Grimes location, high traffic, ready to build.
    Where is this land located?
    The property is located at 3605 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $1,672,710.
    What are key features of this property?
    This property features: $1,672,710 asking price for 2.56 acres of commercial land.; M-2 zoning.; Located at 3605 SE Gateway Dr, Grimes, IA 50111, at the northeast corner of Gateway Drive and SE 37th.
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    3605 Gateway Dr Grimes, IA 50111
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    Realmo Value Estimation

    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.

    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.

    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
    3605 Gateway Dr Grimes, IA 50111
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