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    220 Skinner Pkwy Altoona, IA 50009

    Sponsored
    For Sale
    $297,950

    Prime 1.14-acre C-2 lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.14-acre commercial pad site is located in the thriving Ironwood South development in south Altoona, Iowa. Zoned C-2 General Commercial, this property offers unparalleled access and infrastructure. Situated directly adjacent to a newly constructed Casey's convenience store, the site boasts a new curb cut on Edwin W. Skinner Parkway and a fully paved shared frontage drive, ensuring excellent visibility and accessibility. All utilities are conveniently stubbed to the property, and a shared stormwater detention basin is already in place, simplifying the development process. The location offers significant advantages, with proximity to Clay Elementary School, Ironwood Park, a Hy-Vee grocery store, the Spring Creek Sports Complex and Park, and a rapidly expanding residential area featuring hundreds of new homes and apartments. This presents a unique opportunity for businesses seeking a high-traffic location within a vibrant and growing community. The asking price is $297,950, representing a compelling value for a ready-to-develop commercial parcel in this desirable area of Altoona. The property's strategic location and comprehensive infrastructure make it an exceptional investment opportunity.

    Property Features for 220 Skinner Pkwy

    General Information

    Property type
    Land
    Lot Size
    49,658 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.46695
    Latitude
    41.62871

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    FAQs

    What type of property is this?
    Land - Prime 1.14-acre C-2 lot, ideal for development.
    Where is this land located?
    The property is located at 220 Skinner Pkwy Altoona, IA.
    What is the asking price?
    The asking price for this property is $297,950.
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    220 Skinner Pkwy 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
    220 Skinner Pkwy Altoona, IA 50009
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