Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1221 Gateway Dr Grimes, IA 50111

    Sponsored
    For Sale
    $886,010

    Prime Grimes location, high traffic, C-2 zoning

    Property size:
    49,223 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.13-acre retail land parcel in Grimes, Iowa, presents a compelling investment opportunity. Located at 1221 NE Gateway Dr, this 49,223 square foot lot is zoned C-2, offering significant development potential. The property benefits from its strategic location near Highway 141, which boasts a 2020 daily vehicle count of 26,426, ensuring high visibility and accessibility. Its proximity to the 50-acre Grimesplex sports complex, projected to draw over 1,000,000 visitors annually, further enhances its appeal. The area is experiencing robust commercial and residential growth, supported by readily available on-site utilities. This thriving location is also surrounded by established businesses including Casey's, Kwik Star, Raccoon Valley Bank, Kindercare, Earl May, Hy-Vee, Arby's, Culver's, Menards, and Walmart, providing a strong retail environment. The high median household income within a 5-mile radius ($106,446-$112,641) underscores the area's strong consumer base. With a total population exceeding 59,998 within a 5-mile radius (2017 data), this property offers unparalleled potential for significant returns. The asking price is $886,010. This is a rare opportunity to acquire a prime retail land parcel in a rapidly expanding market.

    Property Features for 1221 Gateway Dr

    General Information

    Property type
    Land
    Square Feet
    49,223 SF
    Lot Size
    49,223 SF

    HighLights

    • Heritage Park Lot 5 offers 1.13 acres.
    • The property is zoned C‑2.
    • Highway 141 has a 2020 VPD of 26,426.
    • Located in a rapidly growing commercial and residential area.
    • On‑site utilities are available.
    • East of the 50‑acre Grimesplex sports complex, projected to draw over 1,000,000 annual visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.775848
    Latitude
    41.6975911

    Nearby Comparable

    • $884,718
      1.13 Acres

      Grimes Commercial Lots - Prime Location

      High-visibility lots in thriving Hope Development.
      1221 Gateway Dr, Grimes, IA 50111
      View Details
    • $878,170
      1.12 Acres

      Grimes Retail Land Investment Opportunity

      Prime 1.12-acre retail lot, 48,908 SF.
      1151 Gateway Dr, Grimes, IA 50111
      View Details
    • $893,851
      1.52 Acres

      Grimes Commercial Land - $893,851

      1.52 Acres, C-2 Zoning, High Traffic
      1201 Gateway Dr, Grimes, IA 50111
      View Details
    • $2,482,920
      2.85 Acres

      Grimes Commercial Land - $2.4M

      Prime Iowa commercial lot, C-2 zoning.
      1700 Beaverbrooke Blvd, Grimes, IA 50111
      View Details
    • $2,484,440
      2.85 Acres

      Grimes Commercial Lots - Prime Location

      Five lots, high visibility, Hope Development.
      1700 Beaverbrook Blvd, Grimes, IA 50111
      View Details
    • Contact for pricing

      Grimes, IA Commercial Land Parcels

      Prime Grimes, IA commercial lots near major retailers.
      1700 Beaverbrooke Blvd, Grimes, IA 50111
      View Details
    • Contact for pricing
      1.30 Acres

      Grimes Commercial Land Opportunity

      Prime Iowa commercial land, Hwy 141 access.
      0 Sec Of Hwy 141 & Beaverbrook Blvd, Grimes, IA 50111
      View Details
    • Contact for pricing
      70.00 Acres

      Prime Grimes Development Land

      70 Acres, Hwy 141 & 44 Intersection
      0 Cor Of Hwy 141 & Hwy 44, Grimes, IA 50111
      View Details
    • Contact for pricing
      21,238 SF

      Hope Plaza II: Grimes Retail Center

      Prime Grimes, IA storefront investment
      825 Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      61.43 Acres

      Grimes, IA Commercial Land Opportunity

      61 Acres Prime Commercial Land in Grimes, IA
      0 Destination Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      20,250 SF

      Grimes Retail Center - Prime Location

      High-traffic retail space, excellent visibility.
      1101 1St St, Grimes, IA 50111
      View Details

    Nearby Similar for Sale

    • $5,757,815
      71,477 SF

      Office and Warehouse Space Available

      Office and warehouse space with high ceilings and easy highway access.
      512 NE Main St, Grimes, IA 50111
      View Details
    • $2,484,440
      2.85 Acres

      Grimes Commercial Lots - Prime Location

      Five lots, high visibility, Hope Development.
      1700 Beaverbrook Blvd, Grimes, IA 50111
      View Details
    • $879,408
      1.12 Acres

      Grimes Commercial Lots - Highway 141

      Prime Commercial Land in Hope Development
      1151 Gateway Dr, Grimes, IA 50111
      View Details
    • $758,600
      1.74 Acres

      Grimes Commercial Land - Highway 44

      Prime 1.74-Acre Commercial Lot
      100 Brookside Dr, Grimes, IA 50111
      View Details
    • $892,701
      1.52 Acres

      Grimes Commercial Lots - Highway 141

      Prime Commercial Land, Hope Development
      1201 Gateway Dr, Grimes, IA 50111
      View Details
    • $884,718
      1.13 Acres

      Grimes Commercial Lots - Prime Location

      High-visibility lots in thriving Hope Development.
      1221 Gateway Dr, Grimes, IA 50111
      View Details
    • $716,775
      1.10 Acres

      Grimes Commercial Land - Highway 141

      High-traffic location, excellent visibility, 1.1-acre lot.
      3505 Grimes Blvd, Grimes, IA 50111
      View Details
    • $890,010
      1.14 Acres

      Grimes Commercial Lots - Highway 141

      Prime Commercial Land, Hope Development
      1251 Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      21,238 SF

      Hope Plaza II: Grimes Retail Center

      Prime Grimes, IA storefront investment
      825 Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      20,250 SF

      Grimes Retail Center - Prime Location

      High-traffic retail space, excellent visibility.
      1101 1St St, Grimes, IA 50111
      View Details

    FAQs

    What type of property is this?
    Land - Prime Grimes location, high traffic, C-2 zoning
    Where is this land located?
    The property is located at 1221 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $886,010.
    What are key features of this property?
    This property features: Heritage Park Lot 5 offers 1.13 acres.; The property is zoned C-2.; Highway 141 has a 2020 VPD of 26,426.
    Request Owner's contact information
    1221 Gateway Dr Grimes, IA 50111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1221 Gateway Dr
    Grimes, IA 50111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1221 Gateway Dr Grimes, IA 50111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.