Overview
This exceptional 1.52-acre commercial lot in Grimes, Iowa, presents a prime investment opportunity. Located at 1201 NE Gateway Dr, it boasts C-2 zoning, ideal for a variety of commercial uses. The property benefits from its strategic location near Highway 141, experiencing a high volume of daily traffic (26,426 vehicles in 2020). Situated east of the Grimesplex, a 50-acre sports complex anticipated to draw over 1,000,000 visitors annually, this lot offers significant exposure and growth potential. The area is experiencing rapid commercial and residential development, with utilities already on-site. The property's proximity to the recently completed $65 million Highway 141 flyover further enhances its accessibility and visibility. Established businesses in the immediate vicinity include Casey's, Kwik Star, Raccoon Valley Bank, Kindercare, Earl May, Hy-Vee, Arby's, Culver's, Menards, and Walmart, indicating a thriving and established commercial environment. The surrounding area also demonstrates strong demographics, with median household incomes within a 5-mile radius ranging from $106,446 to $112,641. The total population within a 5-mile radius is substantial, exceeding 59,000 residents. This property offers a unique blend of location, zoning, and infrastructure, making it an attractive investment for discerning buyers. The asking price is $893,851, reflecting a land value of $653,400 per acre.