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Mixed-use properties

44 Cor Of Hwy 141 & Hwy Grimes, IA 50111

70 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Lot 70 ac (3,049,200 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
AI Approach AI
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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