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    320 West St Grinnell, IA 50112

    For Sale
    $433,500

    3.3-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 3.3-acre commercial land parcel presents a remarkable investment opportunity in Grinnell, Iowa. Strategically located between Hy-Vee and Thiesen’s Home-Farm-Auto, this property benefits from high visibility and significant foot traffic generated by these established businesses. The property is zoned C-l: General Commercial, allowing for a wide range of development possibilities. All utilities are readily available, simplifying the development process. The expansive lot size offers flexibility, with the potential for subdivision to accommodate multiple projects or tailored development plans. This prime location, coupled with its versatile zoning and readily accessible utilities, makes this property an ideal choice for developers seeking to capitalize on the thriving commercial landscape of Grinnell. The asking price is $433,500. The property's address is 320 West St, Grinnell, IA 50112, situated in Poweshiek County. This is a rare opportunity to acquire a well-positioned commercial lot with significant growth potential.

    Property Features for 320 West St

    General Information

    Property type
    Land
    Lot Size
    143,748 SF

    HighLights

    • High‑traffic retail location with strong adjacency benefits.
    • Full utility access available on‑site.
    • Flexible floorplan allowing for subdivision.
    • Zoned C‑1 General Commercial.
    Property Profile Insight Report 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 Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Grinnell
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.7269322
    Latitude
    41.7353277

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    FAQs

    What type of property is this?
    Land - 3.3-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 320 West St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $433,500.
    What are key features of this property?
    This property features: High-traffic retail location with strong adjacency benefits.; Full utility access available on-site.; Flexible floorplan allowing for subdivision.
    Request Owner's contact information
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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
    320 West St Grinnell, IA 50112
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