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Prime Commercial Land Opportunity
For Sale
$926,195

1175 Tower Terrace Road Lot 1, Hiawatha, IA 52233

5.46 acres at a high-traffic intersection with development potential.

Property SizeContact for details
Lot Size5.46 Acres
Days on Market767

Property Features for 1175 Tower Terrace Road Lot 1

General Information

Standard status Active
Lot size 5.46 Acres
Property subtype Farm

Taxes and HOA fees

Annual Taxes $94

Amenities

Level
Public
3.15
3.15 Acre
Listing Agency: SKOGMAN REALTY
Listed By: Melissa Redinbaugh
Source: Pinnaclerealtyia
Added: Aug 8, 2024 Changed: Sep 12 Last Checked: Sep 13 at 5:28AM

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 SKOGMAN REALTY

Investment Insights

Based on property information with market context.

Located at the southeast corner of N Center Point Road and Tower Terrace Road, this property comprises two parcels totaling 5.46 acres. Utilities are available at the site. The location is one block from the new I-380 and Tower Terrace interchange. The Hiawatha roundabout is at the intersection of N Center Point and Tower Terrace Roads. The property is on bus route 30. Currently zoned AG, it is zoned for C4. Over 400 multi-family housing units are within a 2-mile radius, and over 300 single-family dwellings are within 1.5 miles in Hiawatha. Robins Landing, a 400-acre development of single-family homes, commercial spaces, and recreational facilities, is located just east on Tower Terrace and Robins Roads. Over 100,000 square feet of commercial buildings are situated on the southwest side of Tower Terrace and Robins Roads. There is an entrance/exit off Anchor Road. Potential for right-in/right-out access off Tower Terrace and left-in/left-out access off N Center Point Road, subject to approval from the City of Hiawatha.

Key Highlights

  • 5.46 acres at the SE corner of N Center Point & Tower Terrace Roads with utilities on site.
  • Zoned for C4 commercial use (currently AG).
  • Located one block from the new I‑380 and Tower Terrace interchange.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nail Salon Carpet & Flooring Store HVAC Service Electrical Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

191
Businesses Nearby

Demographics for 52233, IA

7,091
Population
3,123
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
1,818
Density / Sq Mi
$66,497
Median Household Income
$44,111
Median Earnings
$846
Median Rent
$200,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 5.46 acres at a high-traffic intersection with development potential.
Where is this commercial land located?
The property is located at 1175 Tower Terrace Road Lot 1 Hiawatha, IA.
What is the asking price?
The asking price for this property is $926,195.
What are key features of this property?
This property features: 5.46 acres at the SE corner of N Center Point & Tower Terrace Roads with utilities on site.; Zoned for C4 commercial use (currently AG).; Located one block from the new I‑380 and Tower Terrace interchange.
More about this property
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