1807 2Nd Ave Indianola, IA 50125
This exceptional investment opportunity presents two ±1-acre outparcels available for sale or lease at the thriving Westroad Shopping Center in Indianola, Iowa. Located on W 2nd Avenue, these pads benefit from high traffic counts on US Highway 92 (7,802 vehicles per day) and are situated near key attractions including the Warren County Fairgrounds, Sports Page Bar and Grill, Fareway, and Community State Bank, ensuring strong customer traffic. Each pad offers flexibility for development, accommodating buildings up to 3,600 square feet. The property is zoned commercial and boasts ample parking. The adjacent shopping center is fully leased, with tenants including Dollar General, Optimae Life Services, Many Hands Thrift Market, and Genesis Linen Services, creating a vibrant and established retail environment. The sale price and land lease terms are negotiable, making this an attractive proposition for a variety of businesses seeking high visibility and a strong location. Developed by Mandelbaum Properties, this property offers a unique opportunity to establish a presence in a thriving community. APN: 48500000081.
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.