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    711 2Nd Ave Indianola, IA 50125

    For Sale
    $275,000

    1.92 Acres, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.92-acre commercial lot, located at 711 E 2nd Ave in Indianola, Iowa, presents a rare development opportunity. Priced at $275,000, this flat, build-ready parcel boasts excellent visibility and accessibility. Situated off Highway 92, near the intersection of Highways 92 and 65, the property benefits from high traffic volume, with over 16,000 Annual Average Daily Traffic at the intersection. The lot offers ample frontage on E 2nd Ave and is bordered by mature trees on the east and south sides, providing a naturally landscaped setting. Its convenient location offers proximity to both Indianola High School and Middle School, enhancing its appeal for various commercial ventures. The property also backs up to DeNelsky Park, adding to its attractive surroundings. Indianola's vibrant community, home to Simpson College, the National Balloon Classic, and the Warren County Fairgrounds, provides a strong foundation for business growth. This is one of the few available commercial lots in Indianola, making this a truly unique investment opportunity. The property's size, location, and build-ready condition make it ideal for a variety of commercial developments, including retail spaces or office buildings. Don't miss this chance to secure a prime piece of Indianola real estate. Zip code: 50125.

    Property Features for 711 2Nd Ave

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • Prime 1.92‑acre commercial lot in Indianola, IA, located off Hwy 92 near the intersection of Hwy 92 and Hwy 65, boasting over 16,000 AADT.
    • Large, flat, build‑ready lot with E 2nd Ave frontage, mature trees, and DeNelsky Park access.
    • Minutes from Indianola High School and Middle School.
    • Located in Indianola, home to Simpson College, the National Balloon Classic, and the Warren County Fairgrounds.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.551985
    Latitude
    41.357644

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    FAQs

    What type of property is this?
    Land - 1.92 Acres, Ready to Build
    Where is this land located?
    The property is located at 711 2Nd Ave Indianola, IA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime 1.92-acre commercial lot in Indianola, IA, located off Hwy 92 near the intersection of Hwy 92 and Hwy 65, boasting over 16,000 AADT.; Large, flat, build-ready lot with E 2nd Ave frontage, mature trees, and DeNelsky Park access.; Minutes from Indianola High School and Middle School.
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    Indianola, IA 50125
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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
    711 2Nd Ave Indianola, IA 50125
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