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    Brookside Dr Grimes, IA 50111

    For Sale
    $948,250

    1.74 Acres, High Visibility, Build-to-Suit Options

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.74-acre commercial land parcel in Grimes, Iowa, presents a remarkable investment opportunity. Priced at $948,250, this property boasts a prime location on NW Brookside Dr, offering unparalleled visibility and accessibility. Situated on a corner lot, it benefits from a future lighted intersection on Highway 44, ensuring high traffic exposure. The land is zoned for commercial development and offers build-to-suit options or the potential for a strip mall. This area is experiencing robust residential growth, fueled by the proximity to the new Dallas Center Grimes High School and Middle School, whose traffic flows directly past the site. The location on West 1st Street, the main access to Highway 141 (with 37,000 vehicles per day in 2016), further enhances its strategic value. A stoplight at the intersection of W 1st Street and SW Brookside Drive provides convenient access. The property's strong neighboring businesses include Mercy Clinic, Anytime Fitness, and Kennybrook Village Senior Living, creating a vibrant and established commercial environment. Furthermore, its adjacency to the West 44 Townhome Project positions it within a rapidly developing community. The land value is $12.50 per square foot. This property is ideal for developers seeking a high-impact location with significant growth potential.

    Property Features for 0 Brookside Dr

    General Information

    Property type
    Land
    Lot Size
    75,794 SF

    HighLights

    • 1.74‑acre commercial land parcel available for sale, with potential for subdivision.
    • Corner lot offering high visibility, enhanced by a planned lighted intersection on Highway 44.
    • Build‑to‑suit development or strip center construction possible.
    • Strong residential population growth in the immediate area.
    • Proximity to Mercy Clinic, Anytime Fitness, and Kennybrook Village Senior Living.
    • High traffic counts from Dallas Center Grimes High School and Middle School traffic directly in front of the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.80598328
    Latitude
    41.68906134

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    FAQs

    What type of property is this?
    Land - 1.74 Acres, High Visibility, Build-to-Suit Options
    Where is this land located?
    The property is located at Brookside Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $948,250.
    What are key features of this property?
    This property features: 1.74-acre commercial land parcel available for sale, with potential for subdivision.; Corner lot offering high visibility, enhanced by a planned lighted intersection on Highway 44.; Build-to-suit development or strip center construction possible.
    (515) 334-3345
    Request Owner's contact information
    Brookside 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
    Brookside Dr Grimes, IA 50111
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