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    I-35 & Exit 96 Elkhart, IA 50073

    For Sale
    $7,296,300

    Iowa farmland near Des Moines, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 67-acre agricultural property boasts unparalleled visibility on Interstate 35, with over 60,000 vehicles passing daily. Strategically located just off Exit 96 in Elkhart, Iowa, this land offers convenient access to both Des Moines and Ames, situated approximately 20 minutes from each city. The property is zoned for Agriculture/Light Business, presenting a versatile investment opportunity. The seller is willing to divide the land, with a minimum parcel size of 20 acres. This prime location, combined with its high traffic count and flexible zoning, makes it ideal for a variety of uses. The total acreage available is 67 acres, with a list price of $7,296,300, translating to $108,900 per acre. The property encompasses 2,918,520 square feet, with a list price per square foot of $2.50. This is a rare opportunity to acquire high-visibility land in a rapidly growing area of Iowa. Don't miss this chance to secure a valuable asset with significant development potential. Polk County location and 50073 zip code.

    Property Features for I-35 & Exit 96

    General Information

    Property type
    Farms
    Lot Size
    871,200 SF

    HighLights

    • 67 acres available for sale.
    • Minimum 20‑acre parcels available.
    • High visibility from Interstate 35, with over 60,000 vehicles passing daily.
    • Zoned for Agriculture/Light Business use.
    • Conveniently located 20 minutes from Des Moines and Ames.
    • List price: $2.50 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Polk
    State
    Iowa
    Longitude
    -93.5711334
    Latitude
    41.7789415

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    FAQs

    What type of property is this?
    Farm - Iowa farmland near Des Moines, excellent visibility.
    Where is this farm located?
    The property is located at I-35 & Exit 96 Elkhart, IA.
    What is the asking price?
    The asking price for this property is $7,296,300.
    What are key features of this property?
    This property features: 67 acres available for sale.; Minimum 20-acre parcels available.; High visibility from Interstate 35, with over 60,000 vehicles passing daily.
    Request Owner's contact information
    I-35 & Exit 96 Elkhart, IA 50073
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    Elkhart, IA 50073
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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
    I-35 & Exit 96 Elkhart, IA 50073
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