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    1201 Gateway Dr Grimes, IA 50111

    Sponsored
    For Sale
    $893,851

    1.52 Acres, C-2 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 1201 Gateway Dr

    General Information

    Property type
    Land
    Lot Size
    66,211 SF

    HighLights

    • $893,851 asking price for 1.52 acres of commercial land.
    • C‑2 zoning.
    • $653,400/acre land value.
    • Located at 1201 NE Gateway Dr, Grimes, IA 50111.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7767925
    Latitude
    41.6976908

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 1.52 Acres, C-2 Zoning, High Traffic
    Where is this land located?
    The property is located at 1201 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $893,851.
    What are key features of this property?
    This property features: $893,851 asking price for 1.52 acres of commercial land.; C-2 zoning.; $653,400/acre land value.
    Request Owner's contact information
    1201 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
    1201 Gateway Dr Grimes, IA 50111
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