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    Grimes, IA
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    Grimes, IA Multifamily Properties for Sale

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    Johnston, IA Urbandale, IA Granger, IA Des Moines, IA Waukee, IA Clive, IA West Des Moines, IA Polk City, IA
    Based on your search, we've compiled 35 Potential Opportunities for your consideration. While there is a shortage of Active listings in Grimes, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 31 Off-Market properties to explore as potential leads

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    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Unit Ranch Duplex
    Two-Unit Ranch Duplex

    18920 Wendover Avenue, Granger, IA 50109

    $330,000
    2,028 sqft

    Well-maintained duplex with private patios, attached garages, and full kitchens serving both residences.

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    Two-Unit Duplex with Attached Garages
    Two-Unit Duplex with Attached Garages

    18920 Wendover Ave, Granger, IA 50109

    $330,000
    2,028 sqft

    Each residence includes two bedrooms, one full bathroom, and a full kitchen.

    View details
    11-Unit Apartment Building
    11-Unit Apartment Building

    4671 Northwest 50th Street, Des Moines, IA 50310

    $675,000

    Well-kept 11-unit apartment building built in 1969 and renovated in 2025 with individual heating and central A/C.

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    Former Office Building with Theater
    Former Office Building with Theater

    3850 Merle Hay Rd, Des Moines, IA 50310

    Contact for pricing
    67,325 sqft

    Former office building with attached theater, suitable for redevelopment.

    View details

    Off-Market Properties in Grimes, IA

    Consider similar Off-Market properties in Grimes, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1951 James St
    APARTMENT HOUSE (5+ UNITS)

    1951 James St, Grimes, IA 50111-4785

    Estimated value:
    $1,965,000
    20,886 sqft 0.74 AC lot
    View details
    1900 28th St
    MOBILE HOME PARK, TRAILER PARK

    1900 28th St, Grimes, IA 50111-4892

    Estimated value:
    $25,090,000
    6,592 sqft 66.02 AC lot
    View details
    801 Prescott Ln
    APARTMENT HOUSE (5+ UNITS)

    801 Prescott Ln, Grimes, IA 50111-7413

    Estimated value:
    $440,000
    3,530 sqft 11.94 AC lot
    View details
    1704 Gtwy Ct
    APARTMENT HOUSE (5+ UNITS)

    1704 Gtwy Ct, Grimes, IA 50111-5230

    Estimated value:
    No data
    54,411 sqft 15.86 AC lot
    View details
    924 Beechwood Ln
    APARTMENT HOUSE (5+ UNITS)

    924 Beechwood Ln, Grimes, IA 50111-4727

    Estimated value:
    $1,190,000
    11,102 sqft 5.47 AC lot
    View details
    401 Main St
    APARTMENT HOUSE (5+ UNITS)

    401 Main St, Grimes, IA 50111-2107

    Estimated value:
    $475,000
    5,760 sqft 0.40 AC lot
    View details
    551 Gtwy Dr
    APARTMENT HOUSE (5+ UNITS)

    551 Gtwy Dr, Grimes, IA 50111-1297

    Estimated value:
    $575,000
    55,296 sqft 4.72 AC lot
    View details
    608 4th St
    APARTMENT HOUSE (5+ UNITS)

    608 4th St, Grimes, IA 50111-2207

    Estimated value:
    $470,000
    6,240 sqft 0.51 AC lot
    View details
    875 Gtwy Dr
    APARTMENT HOUSE (5+ UNITS)

    875 Gtwy Dr, Grimes, IA 50111-1272

    Estimated value:
    $605,000
    46,026 sqft 2.14 AC lot
    View details
    605 Gtwy Dr
    APARTMENT HOUSE (5+ UNITS)

    605 Gtwy Dr, Grimes, IA 50111-1264

    Estimated value:
    $2,965,000
    26,913 sqft 6.70 AC lot
    View details
    935 Silkwood Ln
    APARTMENT HOUSE (5+ UNITS)

    935 Silkwood Ln, Grimes, IA 50111-4201

    Estimated value:
    $3,180,000
    29,482 sqft 30.00 AC lot
    View details
    205 8th St
    APARTMENT HOUSE (5+ UNITS)

    205 8th St, Grimes, IA 50111-1000

    Estimated value:
    $730,000
    6,256 sqft 1.73 AC lot
    View details
    410 4th St
    APARTMENT HOUSE (5+ UNITS)

    410 4th St, Grimes, IA 50111-1187

    Estimated value:
    $935,000
    10,842 sqft 0.56 AC lot
    View details
    805 Gtwy Dr
    APARTMENT HOUSE (5+ UNITS)

    805 Gtwy Dr, Grimes, IA 50111-6618

    Estimated value:
    $1,840,000
    31,686 sqft 2.21 AC lot
    View details
    317 Jacob St
    APARTMENT HOUSE (UNDER 5 UNITS)

    317 Jacob St, Grimes, IA 50111-7701

    Estimated value:
    $350,000
    2,464 sqft 4.23 AC lot
    View details
    155 Maplewood Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    155 Maplewood Dr, Grimes, IA 50111-2139

    Estimated value:
    $355,000
    4,204 sqft 1.62 AC lot
    View details
    302 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    302 Main St, Grimes, IA 50111-2194

    Estimated value:
    $240,000
    2,660 sqft 0.27 AC lot
    View details
    104 8th St
    APARTMENT HOUSE (5+ UNITS)

    104 8th St, Grimes, IA 50111-8714

    Estimated value:
    $295,000
    5,952 sqft 1.24 AC lot
    View details
    100 8th St
    APARTMENT HOUSE (5+ UNITS)

    100 8th St, Grimes, IA 50111-8713

    Estimated value:
    $290,000
    5,952 sqft 1.06 AC lot
    View details
    204 8th St
    APARTMENT HOUSE (5+ UNITS)

    204 8th St, Grimes, IA 50111-1079

    Estimated value:
    $465,000
    5,532 sqft 0.74 AC lot
    View details
    411 1st St
    APARTMENT HOUSE (5+ UNITS)

    411 1st St, Grimes, IA 50111-5038

    Estimated value:
    $1,080,000
    13,998 sqft 1.00 AC lot
    View details
    403 1st St
    APARTMENT HOUSE (5+ UNITS)

    403 1st St, Grimes, IA 50111-5037

    Estimated value:
    $1,065,000
    13,749 sqft 0.96 AC lot
    View details
    600 4th St
    APARTMENT HOUSE (5+ UNITS)

    600 4th St, Grimes, IA 50111-2205

    Estimated value:
    $525,000
    6,240 sqft 0.52 AC lot
    View details
    501 Jacob St
    APARTMENT HOUSE (5+ UNITS)

    501 Jacob St, Grimes, IA 50111-2096

    Estimated value:
    $460,000
    5,120 sqft 0.40 AC lot
    View details

    Grimes, IA Multifamily Properties Market Trends and Statistics

    Explore 31 multifamily properties for sale in Grimes, IA on our real estate platform.

    Demographics Overview

    Population 16K
    Population Growth (5Y) +18.1%
    Median Household Income $108,352
    College Educated 64.1%

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $36.10 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Polk County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Grimes fall within the 100,000+ square foot range.

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