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    351 Gateway Cir Grimes, IA 50111

    Sponsored
    For Sale
    $1,112,958

    3.65 Acres, Highway 141 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.65-acre commercial land parcel is ideally situated in Grimes, Iowa, at 351 SE Gateway Circle, offering unparalleled access to major thoroughfares. Zoned C-2, this property boasts direct frontage on Highway 141 (21,318 vehicles per day) and convenient access to E 1st Street (Highway 44), boasting 19,263 vehicles daily. The asking price is $1,112,958, translating to $7 per square foot. This prime location is surrounded by thriving businesses, including Fareway, McDonald's, Dollar General, Dollar Tree, AmericInn by Wyndham, and Grimes Pediatric Dentistry. Its proximity to the Grimes Hope District, a 200-acre development featuring Hy-Vee, a multi-sport complex, and various retail and office spaces, further enhances its investment potential. This property presents a unique opportunity for commercial development in a rapidly growing area of Polk County, Iowa, with excellent visibility and high traffic counts. The land is ready for immediate development, offering significant potential for a variety of commercial uses. The zip code is 50111.

    Property Features for 351 Gateway Cir

    General Information

    Property type
    Land
    Lot Size
    158,994 SF

    HighLights

    • C‑2 Commercial Zoning.
    • 21,318 VPD on Highway 141 frontage.
    • Excellent access to Highway 44 (E 1st Street) with 19,263 VPD.
    • Strong co‑tenancy including Fareway, McDonald's, Dollar General, Dollar Tree, and AmericInn.
    • Across the street from the Grimes Hope District, featuring Hy‑Vee and a 50‑acre multi‑sport complex.
    Property Profile 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 Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.776828550808
    Latitude
    41.686355991151

    Nearby Comparable

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    Nearby Similar for Sale

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      Hope Plaza II: Grimes Retail Center

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    FAQs

    What type of property is this?
    Land - 3.65 Acres, Highway 141 Frontage
    Where is this land located?
    The property is located at 351 Gateway Cir Grimes, IA.
    What is the asking price?
    The asking price for this property is $1,112,958.
    What are key features of this property?
    This property features: C-2 Commercial Zoning.; 21,318 VPD on Highway 141 frontage.; Excellent access to Highway 44 (E 1st Street) with 19,263 VPD.
    (515) 415-6100
    Request Owner's contact information
    351 Gateway Cir Grimes, IA 50111
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    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
    351 Gateway Cir Grimes, IA 50111
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