351 Gateway Cir Grimes, IA 50111
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.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.