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    242 Adventureland Dr Altoona, IA 50009

    For Sale
    $1,800,000

    Prime IA industrial land, I-80 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents multiple lots within the Altoona Industrial Park North, ranging from 2.36 to 10.3 acres. Strategically located in Polk County, Iowa, this development site boasts convenient access to major transportation arteries, including Interstates 80 and 35, US Highways 65 and 163, placing businesses within easy reach of regional and national markets. The property is only a 30-minute drive from Des Moines International Airport, further enhancing its logistical advantages. All utilities are either on-site or readily available, simplifying development and reducing upfront costs. The land is zoned M-1 (Limited Light Industrial), allowing for a variety of commercial and industrial uses. The asking price ranges from $4.50 to $5.00 per square foot, representing a compelling value proposition given the location and accessibility. This is an ideal location for businesses seeking a strategic foothold in a thriving, business-friendly community. The address options include 242 and 223 Adventureland Dr NE, Altoona, IA 50009. This presents a rare chance to acquire land in a high-demand area with excellent infrastructure and connectivity. Don't miss this opportunity to secure your future in Altoona's dynamic industrial landscape.

    Property Features for 242 Adventureland Dr

    General Information

    Property type
    Land
    Lot Size
    102,802 SF

    HighLights

    • Lot sizes: 2.4 to 10.3 acres
    • Prices: $4.50 to $5.00 per square foot
    • Excellent access to I‑80, I‑35, US 65, and IA 163
    • Located in a thriving, business‑friendly community
    • 30‑minute drive to Des Moines International Airport
    • All utilities available on‑site or readily accessible
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.461953
    Latitude
    41.662642

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    FAQs

    What type of property is this?
    Land - Prime IA industrial land, I-80 access.
    Where is this land located?
    The property is located at 242 Adventureland Dr Altoona, IA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Lot sizes: 2.4 to 10.3 acres; Prices: $4.50 to $5.00 per square foot; Excellent access to I-80, I-35, US 65, and IA 163
    Request Owner's contact information
    242 Adventureland Dr Altoona, IA 50009
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    Altoona, IA 50009
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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
    242 Adventureland Dr Altoona, IA 50009
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