Current Use by Public Records
- Land
Property Details for 0 Hwy 169 & Mdw Rd
- Lot size
- 6.78 lot acres
- Property type
- Land
Description
This exceptional 6.78-acre commercial land parcel presents a unique investment opportunity in the thriving suburb of Adel, Iowa. Strategically located at the key intersection of Highway 169 and Meadow Road, this property boasts high visibility and accessibility. Traffic counts in 2019 reached 6,200 vehicles per day (VPD), indicating significant potential for commercial ventures. The site benefits from its position within a rapidly expanding residential area, experiencing substantial growth in recent years. Adel's population surged 67% between 2010 and 2020, from 3,682 to 6,153 residents, with 876 new single-family homes constructed in the past decade. This robust residential development further enhances the property's value and potential for attracting businesses. Furthermore, the property's proximity to amenities such as a new aquatic center, a new elementary school, and a planned city recreational complex adds to its appeal. The city's commitment to infrastructure improvements is evident in the recent $25 million investment in water system upgrades and the completion of a new sewer treatment plant. A commercial tax abatement program, extending through 2025, provides an additional incentive for development. The land is divisible, offering flexibility for various commercial projects. This prime location, coupled with the ongoing growth and infrastructure enhancements, makes this a compelling investment opportunity for discerning buyers. The asking price is $1,300,000. The property is located in Dallas County, Iowa, zip code 50003.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Adel
- County
- Dallas
- State
- Iowa
- Longitude
- -94.013
- Latitude
- 41.6003
