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    1151 Gateway Dr Grimes, IA 50111

    For Sale
    $878,170

    Prime 1.12-acre retail lot, 48,908 SF.

    Property size:
    48,908 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.12-acre commercial land parcel, identified as Heritage Park Lot 6, presents a unique investment opportunity in the thriving Grimes, Iowa market. Situated at 1151 NE Gateway Dr, Grimes, IA 50111, this property boasts a substantial 48,908 square feet of land zoned C-2, providing ample space for a diverse range of retail developments. The property's location within the Des Moines West submarket offers excellent visibility and accessibility, ensuring high traffic volume and potential for strong returns. With its strategic location and generous size, this lot is ideally suited for developers seeking to capitalize on the growing demand for retail space in this dynamic area of Polk County. The asking price is $878,170. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a prime retail land parcel in a high-growth market. Don't miss out on this chance to secure a valuable asset with significant long-term potential. Serious inquiries only.

    Property Features for 1151 Gateway Dr

    General Information

    Property type
    Land
    Square Feet
    48,908 SF
    Lot Size
    48,787 SF

    HighLights

    • 1.12‑Acre Retail Land Parcel
    • 1.12 Acres
    • C‑2 Zoning
    • Des Moines West Submarket (IA)
    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 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
    -93.7758675
    Latitude
    41.6972299

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    FAQs

    What type of property is this?
    Land - Prime 1.12-acre retail lot, 48,908 SF.
    Where is this land located?
    The property is located at 1151 Gateway Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $878,170.
    What are key features of this property?
    This property features: 1.12-Acre Retail Land Parcel; 1.12 Acres; C-2 Zoning
    Request Owner's contact information
    1151 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
    1151 Gateway Dr Grimes, IA 50111
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