44 Cor Of Hwy 141 & Hwy Grimes, IA 50111
This exceptional 70-acre mixed-use development site presents a unique investment opportunity in Grimes, Iowa. Strategically positioned at the northeast corner of the Highway 141 and Highway 44 interchange, this property boasts a highly visible location with exceptional access and exposure to significant traffic volume. The land is zoned for Highway Commercial use, allowing for a wide range of development possibilities. Its prime location offers immediate proximity to major retail anchors, including a new Menards, a Walmart Supercenter, Bomgaars, McDonald's, Kum & Go, Charter Bank, and Fareway, ensuring high consumer traffic and strong potential for commercial success. The area is experiencing rapid residential growth, further enhancing the property's long-term value and potential for attracting a diverse range of businesses. Adding to its appeal, the site is situated a quarter-mile from Johnston High School, the largest high school in Iowa, creating a strong demographic draw. A ground lease is available for this property, offering flexible ownership options. This is an unparalleled opportunity to capitalize on the thriving commercial landscape of Grimes and its strategic location within Polk County. The property's size, zoning, and location combine to create a truly exceptional investment opportunity with significant potential for future development and substantial returns. This is a rare chance to acquire a substantial parcel of land in a rapidly growing area with excellent visibility and access.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.