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    5495 Merle Hay Rd Johnston, IA 50131

    Sponsored
    For Sale
    $1,088,880

    Prime Johnston development land, ±1.28 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional 1.28-acre commercial development opportunity in Johnston, Iowa, located at 5495 Merle Hay Road. This property is zoned PUD - Retail/Office/Mixed-Use, offering a wide range of development possibilities. The site boasts excellent visibility and accessibility, situated near the intersection of NW 55th Avenue and Merle Hay Road, with high traffic counts of 20,200 vehicles per day on Merle Hay Road (Iowa DOT 2016 data). Its strategic location benefits from proximity to significant ongoing development projects, including the 35-acre Bombers family entertainment complex (featuring an indoor golf driving range, arcade, bowling alley, 96-room hotel, and numerous bars and restaurants) located to the south, and the 200,000 square foot Ignit Sports Complex to the south and west. This vibrant and growing area makes this 55,840 square foot lot an ideal location for a variety of commercial ventures. The property is approximately half a mile north of Interstate 35/80, providing convenient access to major transportation routes. This is a rare opportunity to acquire a prime commercial parcel in a thriving and dynamic location. The asking price is $1,088,880. Broker co-op is available.

    Property Features for 5495 Merle Hay Rd

    General Information

    Property type
    Land
    Lot Size
    55,757 SF

    HighLights

    • 1.28‑acre lot (55,840 SF) in Johnston, IA.
    • PUD zoning allowing retail, office, and mixed‑use development.
    • High traffic counts: 20,200 VPD on Merle Hay Road (Iowa DOT 2016).
    • Located 0.5 miles north of I‑35/80.
    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
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.697752773554
    Latitude
    41.660094151166

    Nearby Comparable

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      6.25 Acres

      I-80 Johnston Land - Build Ready

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    Nearby Similar for Sale

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      Turnkey Bakery and Cafe Space

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    FAQs

    What type of property is this?
    Land - Prime Johnston development land, ±1.28 acres.
    Where is this land located?
    The property is located at 5495 Merle Hay Rd Johnston, IA.
    What is the asking price?
    The asking price for this property is $1,088,880.
    What are key features of this property?
    This property features: 1.28-acre lot (55,840 SF) in Johnston, IA.; PUD zoning allowing retail, office, and mixed-use development.; High traffic counts: 20,200 VPD on Merle Hay Road (Iowa DOT 2016).
    (515) 453-5482
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    5495 Merle Hay Rd Johnston, IA 50131
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    Johnston, IA 50131
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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
    5495 Merle Hay Rd Johnston, IA 50131
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