Property profile

0 1St St Grimes, IA 50111

OFF-MARKET
Retail properties & Spaces
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1St St Grimes, IA 50111
Grimes metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1St St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message