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    3 Mitchell Dr Hiawatha, IA 52233

    Sponsored
    For Sale
    $417,740

    Prime 2.75-acre commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.754-acre commercial land parcel, located at Lot 3 Mitchell Drive in Hiawatha, Iowa, presents a unique development opportunity. Priced at $417,740, this lot is situated in a high-traffic area, boasting excellent visibility and signage opportunities due to its adjacency to I-380. The Iowa Department of Transportation reports a daily traffic count of 13,950 vehicles, ensuring significant exposure for any future development. All utilities are conveniently located on-site, making construction seamless. The property is conveniently located between the Boyson Road and the new Tower Terrace interchanges, providing easy access and high visibility. The lot is fully pad-ready and has undergone final platting, eliminating pre-construction delays. While the total acreage is 2.754 acres, the buildable area is approximately 1.8 acres. Detention is a shared common area, with maintenance costs shared amongst Lots 1, 2, and 3. This prime location in Linn County, Iowa (zip code 52233), offers unparalleled potential for commercial development. Don't miss this chance to secure a highly desirable commercial property in a thriving Iowa community.

    Property Features for 3 Mitchell Dr

    General Information

    Property type
    Land
    Lot Size
    119,964 SF

    HighLights

    • $417,740 asking price.
    • 2.754‑acre commercial land parcel.
    • Located in Hiawatha, IA, at Lot 3 Mitchell Drive, Linn County, zip code 52233.
    • Pad‑ready lot with utilities available; final plat approved.
    • Excellent visibility and signage due to I‑380 adjacency; 13,950 daily traffic count (IDOT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -91.6905811
    Latitude
    42.0515026

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    FAQs

    What type of property is this?
    Land - Prime 2.75-acre commercial lot, ready to build.
    Where is this land located?
    The property is located at 3 Mitchell Dr Hiawatha, IA.
    What is the asking price?
    The asking price for this property is $417,740.
    What are key features of this property?
    This property features: $417,740 asking price.; 2.754-acre commercial land parcel.; Located in Hiawatha, IA, at Lot 3 Mitchell Drive, Linn County, zip code 52233.
    (319) 247-5000
    Request Owner's contact information
    3 Mitchell 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
    3 Mitchell Dr Hiawatha, IA 52233
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