Freestanding Building in Grundy
For Sale
$562,500
2009 Commerce Drive, Grundy Center, IA 50638
9,014 SF building occupied by Dollar General since 2004.
Property Size9,014 SF
Price / SF$62.40
Days on Market152
Property Features for 2009 Commerce Drive
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Retail
Listing Agency:
CBRE - Des Moines
(515) 314-1715
Listed By:
David Eckley · License #S65549000
(515) 314-1715
Source:
Cbre
Added: Mar 25
Changed: Aug 22
Last Checked: Aug 22 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines
Investment Insights
Based on property information with market context.
The subject property is a freestanding 9,014 SF building located in Grundy Center, Iowa. Constructed in 2004, the building has been occupied by Dollar General since its construction. The store underwent an interior remodel in 2024, and the lease was extended, indicating a commitment to the location. The property is situated along Hwy-14 on the western edge of town. Recent parking lot repair work has been completed. There are two remaining 5-year extension options with $3,000 increases. The property is part of a National Insurance Program, with the tenant paying insurance directly. Dollar General is responsible for minor repairs less than $1000 per occurrence and reimburses in full for taxes.
Key Highlights
- Dollar General recently remodeled the interior in 2024 and extended its lease, showing a strong commitment.
- Dollar General reimburses property taxes in full.
- Freestanding 9,014 SF building occupied by Dollar General since 2004.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 14%
Hotels & Casinos 5%
Casey's General Store
Shops & Services
5,530 visits/mo
0.4 miles
Dollar General
Shops & Services
5,180 visits/mo
0.1 miles
SUBWAY
Dining
1,855 visits/mo
0.4 miles
AmericInn by Wyndham Grundy Center
Hotels & Casinos
696 visits/mo
0.1 miles
Demographics for 50638, IA
3,411
Population
1,535
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
97%
High-School Grad
94.0 sq mi
ZIP Area
36
Density / Sq Mi
$79,500
Median Household Income
$47,214
Median Earnings
$681
Median Rent
$181,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 9,014 SF building occupied by Dollar General since 2004.
Where is this grocery and convenience store located?
The property is located at 2009 Commerce Drive Grundy Center, IA.
What is the asking price?
The asking price for this property is $562,500.
What are key features of this property?
This property features: Dollar General recently remodeled the interior in 2024 and extended its lease, showing a strong commitment.; Dollar General reimburses property taxes in full.; Freestanding 9,014 SF building occupied by Dollar General since 2004.
