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    3600 Miehe Dr Grimes, IA 50111

    For Sale
    $520,624

    1.49 Acres, M-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.49-acre commercial land parcel, priced at $520,624 ($8/sq ft), presents a prime investment opportunity in Grimes, Iowa. Located at the northwest corner of SE 37th Street and SE Miehe Drive, this property boasts high visibility on a major thoroughfare, offering excellent exposure for any business. Its strategic location provides easy access to Grimes, Johnston, and Urbandale, catering to a substantial customer base. Zoned M-2 Light Industrial, the site is ideal for a variety of commercial uses. The property benefits from its proximity to Climb Iowa and convenient access to Hwy 141, 100th Street, and Interstates 35/80, ensuring seamless connectivity. This area within the northwest Des Moines corridor has experienced significant growth, making this a particularly attractive investment in a thriving market. The lot size is 65,078 square feet. SE 37th Street experiences a daily traffic volume of 9,000 vehicles per day (2016 data). This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing area.

    Property Features for 3600 Miehe Dr

    General Information

    Property type
    Land
    Lot Size
    64,904 SF

    HighLights

    • 1.49‑acre (65,078 SF) commercial land parcel for sale.
    • Price reduced to $520,624 ($8.00/SF).
    • Located at the NW corner of SE 37th Street and SE Miehe Drive in Grimes, Iowa.
    • High‑visibility location on SE 37th Street, with 9,000 VPD (2016 data).
    • Serves Grimes, Johnston, and Urbandale markets.
    • M‑2 Light Industrial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.767567
    Latitude
    41.658902

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    FAQs

    What type of property is this?
    Land - 1.49 Acres, M-2 Zoning, High Visibility
    Where is this land located?
    The property is located at 3600 Miehe Dr Grimes, IA.
    What is the asking price?
    The asking price for this property is $520,624.
    What are key features of this property?
    This property features: 1.49-acre (65,078 SF) commercial land parcel for sale.; Price reduced to $520,624 ($8.00/SF).; Located at the NW corner of SE 37th Street and SE Miehe Drive in Grimes, Iowa.
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    3600 Miehe Dr 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
    3600 Miehe Dr Grimes, IA 50111
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