0 Iowa Ave Indianola, IA 50125

This exceptional 9.46-acre commercial land parcel presents a unique development opportunity in Indianola, Iowa. Strategically located at the intersection of N 15th Street and E Iowa Avenue, this property boasts prime road frontage and is conveniently situated less than a mile from Indianola schools. Utilities including water, sewer, natural gas, and electricity are readily available at the street, and high-speed fiber internet access is provided by Indianola Municipal Utilities. The R-2 zoning designation allows for a diverse range of development options, including single-family homes, duplexes, townhomes, and rowhouses. Detailed zoning regulations and a preliminary development concept are available upon request. A preliminary townhome concept plan suggests the potential for up to 72 units. Approximately 7.96 acres of the land are tillable, boasting a CSR2 rating of 89.6. The property's location is precisely identified as Section 20, Township 76 North, Range 23 West, in Warren County, Iowa. The parcel number is 49043033000, and the annual net taxes are $4,740.80. Possession is granted at closing, with cash and conventional financing options available. A sign is present on the property. The asking price for this remarkable development opportunity is $520,300.