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Property profile & analytics
OFF-MARKET
Land

351 Gateway Cir Grimes, IA 50111

3.65 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.65-acre commercial land parcel is ideally situated in Grimes, Iowa, at 351 SE Gateway Circle, offering unparalleled access to major thoroughfares. Zoned C-2, this property boasts direct frontage on Highway 141 (21,318 vehicles per day) and convenient access to E 1st Street (Highway 44), boasting 19,263 vehicles daily. The asking price is $1,112,958, translating to $7 per square foot. This prime location is surrounded by thriving businesses, including Fareway, McDonald's, Dollar General, Dollar Tree, AmericInn by Wyndham, and Grimes Pediatric Dentistry. Its proximity to the Grimes Hope District, a 200-acre development featuring Hy-Vee, a multi-sport complex, and various retail and office spaces, further enhances its investment potential. This property presents a unique opportunity for commercial development in a rapidly growing area of Polk County, Iowa, with excellent visibility and high traffic counts. The land is ready for immediate development, offering significant potential for a variety of commercial uses. The zip code is 50111.

Property profile
Verified
Property type Land
Lot 3.65 ac (158,994 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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