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    15 15Th St Indianola, IA 50125

    For Sale
    $1,003,800

    28 Acres, R2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 28.68-acre commercial land parcel presents a unique development opportunity in Indianola, Iowa. Strategically located on S 15th & Kennedy St, this property enjoys a prime position directly across from Indianola Public High School, within city limits, offering excellent visibility and accessibility. Zoned R2 (Single-Family Residential Attached), the land allows for the construction of attached single-family residential dwellings, catering to a growing housing demand. Infrastructure is partially in place, with sewer access along the west property line and existing water service in the southwest corner. The site comprises approximately 25.83 FSA tillable acres, boasting a high CSR2 rating of 86.8. The soil composition consists primarily of Macksburg silty clay loam, Sharpsburg silt clay loam, and Clearfield silty clay loam. The property's APN is 49023290662, and annual net taxes are $856. Possession is granted at closing, subject to any existing tenant rights. This is a cash or conventional financing opportunity. Don't miss this chance to acquire a significant development site in a thriving Iowa community.

    Property Features for 15 15Th St

    General Information

    Property type
    Land
    Lot Size
    1,249,301 SF

    HighLights

    • On‑site signage.
    • MLS# 662505.
    • Parcel ID: 49023290662.
    • Indianola School District.
    • Located in Indianola.
    • Annual Net Taxes: $856.
    Property Profile 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
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.5397178
    Latitude
    41.350622

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    FAQs

    What type of property is this?
    Land - 28 Acres, R2 Zoning, Prime Location
    Where is this land located?
    The property is located at 15 15Th St Indianola, IA.
    What is the asking price?
    The asking price for this property is $1,003,800.
    What are key features of this property?
    This property features: On-site signage.; MLS# 662505.; Parcel ID: 49023290662.
    (515) 222-1347
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    15 15Th St Indianola, IA 50125
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    Indianola, IA 50125
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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
    15 15Th St Indianola, IA 50125
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