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    825 Gateway Dr Grimes, IA 50111

    Sponsored
    For Sale
    Contact for pricing

    Prime Grimes, IA storefront investment

    Property size:
    21,238 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Hope Plaza II presents a remarkable NNN investment opportunity in the burgeoning Grimes, IA market. This 21,238 square foot retail strip center, completed in 2022 and renovated in 2023, sits on a 3.12-acre lot at 825 NE Gateway Dr, 50111. Strategically located off heavily trafficked Highway 141, it enjoys exceptional visibility and accessibility. The property benefits from its proximity to GrimesPlex, a new 50-acre multi-sport complex projected to attract 1.5 million visitors annually, and the developing 200-acre Hope District, a mixed-use entertainment area featuring retail, restaurants, and hotels. Individual bays are approximately 1,600 square feet. The property is available for sale at a negotiable price or for lease at $27.00 per square foot, NNN. Estimated operating expenses are $7.50 per square foot. A generous tenant improvement allowance is available, along with monument signage opportunities. Highway 141 boasts a 2021 daily vehicle count of 22,000, ensuring high traffic volume and excellent exposure for tenants. This is an exceptional opportunity to capitalize on the significant growth and development within the Grimes community.

    Property Features for 825 Gateway Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    21,238 SF
    Lot Size
    135,907 SF

    Building Details

    Year Built/Renovated
    2022/2023

    HighLights

    • For Sale: Price Negotiable
    • For Lease: $27.00/SF, NNN
    • 3.12‑Acre Lot
    • Approx. 1,600 SF Bay Sizes
    • Estimated Operating Expenses: $7.50/SF
    • Generous Tenant Improvement Allowance Available
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -93.7760318
    Latitude
    41.6945995

    Nearby Comparable

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    Nearby Similar for Sale

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      Grimes Commercial Lots - Highway 141

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      Grimes Retail Center - Prime Location

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    FAQs

    What type of property is this?
    Individual retail property - Prime Grimes, IA storefront investment
    Where is this individual retail property located?
    The property is located at 825 Gateway Dr Grimes, IA.
    What are key features of this property?
    This property features: For Sale: Price Negotiable; For Lease: $27.00/SF, NNN; 3.12-Acre Lot
    Request Owner's contact information
    825 Gateway Dr 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
    825 Gateway Dr Grimes, IA 50111
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