0 1St St Grimes, IA 50111
This exceptional 80.85-acre property, located at the intersection of Highway 141 and East 1st Street in Grimes, Iowa (zip code 50111), presents a unique investment opportunity. Zoned for commercial use, this expansive site offers significant potential for a variety of developments. The property's large size allows for flexibility in design and construction, accommodating a wide range of commercial ventures. Currently designated as a single-tenant property, the land is ideal for large-scale retail projects, mixed-use developments, or even a combination of retail space with apartments or senior housing, given its zoning and subtype classifications. The location in Polk County, Iowa, provides excellent access to major transportation routes, ensuring high visibility and convenient access for potential customers and employees. This is a rare opportunity to acquire a substantial parcel of land in a growing Iowa community, offering significant long-term growth potential. The property's size and strategic location make it an attractive proposition for developers seeking a prominent presence in the Grimes market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is currently available for lease. Further details regarding site specifics and development possibilities are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.