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    1470 Ketelsen Dr Hiawatha, IA 52233

    For Lease
    $9 SF/Yr

    Modern flex warehouse, 10,000-30,000 SF available.

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 30,000-square-foot industrial flex building, constructed in 2021, presents a unique opportunity in Hiawatha, Iowa. Located at 1470 Ketelsen Dr, this single-story structure sits on a generous 5.58-acre lot and offers flexible space options ranging from 10,000 to 30,000 square feet, currently entirely vacant. The building boasts a 25-foot ceiling height, providing ample vertical space for various uses. The property features a combination of dock-high and ground-level loading doors, enhancing operational efficiency. A state-of-the-art ESFR sprinkler system ensures superior fire protection. The building is equipped with ample power to accommodate diverse tenant needs. The zoning is C-4. The lease rate is $9.50 per square foot NNN for warehouse space and $14.95 per square foot NNN for office/retail areas. The owner is willing to work with tenants to amortize the cost of additional tenant improvements over the lease term. This prime location offers convenient access to major transportation routes, situated on the corner of Ketelsen Dr and N Center Pt Rd, just half a mile north of the I-380/Boyson Rd interchange. The Linn County property (APN: 11293-78001-00000) offers a strategic advantage for businesses seeking efficient and modern industrial space in a thriving area. The entire 30,000 square feet is available for immediate occupancy.

    Property Features for 1470 Ketelsen Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    23750

    Building Details

    Year Built
    2021
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    30,000 SF
    Rate per SF
    $9

    HighLights

    • Brand new construction.
    • 25‑foot clear ceiling height.
    • 10,000‑30,000 square feet of space available for lease.
    • Prime location, half a mile from the Boyson Road/I‑380 interchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.69028177
    Latitude
    42.05277553

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    FAQs

    What type of property is this?
    Distribution property - Modern flex warehouse, 10,000-30,000 SF available.
    Where is this distribution property located?
    The property is located at 1470 Ketelsen Dr Hiawatha, IA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Brand new construction.; 25-foot clear ceiling height.; 10,000-30,000 square feet of space available for lease.
    Request Owner's contact information
    1470 Ketelsen Dr Hiawatha, IA 52233
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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
    1470 Ketelsen Dr Hiawatha, IA 52233
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