15 15Th St Indianola, IA 50125
This exceptional 28.68-acre commercial land parcel presents a unique development opportunity in Indianola, Iowa. Strategically located on S 15th & Kennedy St, this property enjoys a prime position directly across from Indianola Public High School, within city limits, offering excellent visibility and accessibility. Zoned R2 (Single-Family Residential Attached), the land allows for the construction of attached single-family residential dwellings, catering to a growing housing demand. Infrastructure is partially in place, with sewer access along the west property line and existing water service in the southwest corner. The site comprises approximately 25.83 FSA tillable acres, boasting a high CSR2 rating of 86.8. The soil composition consists primarily of Macksburg silty clay loam, Sharpsburg silt clay loam, and Clearfield silty clay loam. The property's APN is 49023290662, and annual net taxes are $856. Possession is granted at closing, subject to any existing tenant rights. This is a cash or conventional financing opportunity. Don't miss this chance to acquire a significant development site in a thriving Iowa community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.