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    118th Ave & Elkhart, IA 50021

    For Sale
    Contact for pricing

    256 Acres, I-35 Access, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial land offering presents a unique investment opportunity in Ankeny, Iowa. Comprising approximately 256 acres, this expansive property boasts significant I-35 frontage, providing unparalleled visibility and accessibility. Located near the intersection of NE 118th Ave and East of I-35 in Polk County, the property's strategic location offers easy access to major transportation arteries, making it ideal for a wide range of commercial developments. The zoning allows for future uses including heavy and medium-density development, presenting significant potential for various projects. The land itself is currently available in parcels ranging from 30.05 acres to the full 256 acres, offering flexibility for investors seeking different scales of development. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and high visibility. The property's size and location make it an attractive prospect for businesses seeking a prominent presence in the Ankeny market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The zip code is 50021.

    Property Features for 118th Ave &

    General Information

    Property type
    Land
    Lot Size
    1,308,978 SF

    HighLights

    • 256‑acre site.
    • I‑35 frontage.
    • Suitable for high- and medium‑density development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Polk
    State
    Iowa
    Longitude
    -93.5768242
    Latitude
    41.7250166

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      Ankeny Commercial Land - 1.55 Acres

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    FAQs

    What type of property is this?
    Land - 256 Acres, I-35 Access, Development Potential
    Where is this land located?
    The property is located at 118th Ave & Elkhart, IA.
    What are key features of this property?
    This property features: 256-acre site.; I-35 frontage.; Suitable for high- and medium-density development.
    (515) 964-1587
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    118th Ave & Elkhart, IA 50021
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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
    118th Ave & Elkhart, IA 50021
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