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    9Th St Altoona, IA 50009

    For Sale
    $3,883,374

    Prime Industrial Lots, I-35/80 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional offering presents seven commercial and industrial land parcels in Altoona, Iowa, totaling approximately 17.8 acres. Strategically located within a half-mile of Interstate 35/80 access and just 30 minutes from Des Moines International Airport, these lots provide unparalleled connectivity. Each lot is zoned C-2 (General Commercial), ensuring a wide range of development possibilities. All utilities are available on-site, simplifying the development process. Individual lot sizes range from 1.51 acres to 2.17 acres, offering flexibility for various project scales. The asking price is $3,883,374, with each lot priced at $5 per square foot. This represents a unique opportunity to acquire prime commercial and industrial land in a rapidly growing area with excellent infrastructure and convenient access to major transportation arteries. The properties are currently available on the market and ready for immediate development. Detailed lot sizes and availability are available upon request. This is an ideal investment for businesses seeking a strategic location with easy access to transportation and a thriving regional economy. The C-2 zoning allows for a diverse range of commercial and industrial uses, making this a versatile and attractive investment opportunity.

    Property Features for 0 9Th St

    General Information

    Property type
    Land
    Lot Size
    65,776 SF

    HighLights

    • Excellent I‑35/80 access within a half‑mile radius.
    • 30‑minute commute to Des Moines International Airport.
    • Fully‑serviced lots zoned General Commercial (C‑2).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.4569056
    Latitude
    41.6585909

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    FAQs

    What type of property is this?
    Land - Prime Industrial Lots, I-35/80 Access
    Where is this land located?
    The property is located at 9Th St Altoona, IA.
    What is the asking price?
    The asking price for this property is $3,883,374.
    What are key features of this property?
    This property features: Excellent I-35/80 access within a half-mile radius.; 30-minute commute to Des Moines International Airport.; Fully-serviced lots zoned General Commercial (C-2).
    Request Owner's contact information
    9Th St Altoona, IA 50009
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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
    9Th St Altoona, IA 50009
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