Property profile

0 56Th St Pleasant Hill, IA 50327

OFF-MARKET
Land
1.43 ac lot
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Property summary

AI-generated overview

This 1.43-acre commercial land parcel in Pleasant Hill, Iowa, presents a remarkable investment opportunity. Located at the intersection of East University Avenue and NE 56th Street, the property boasts exceptional visibility and high traffic counts, with over 20,900 vehicles passing daily on University Avenue. Its C-2 General Commercial and Highway Service District zoning allows for a wide range of commercial uses, making it ideal for various businesses. The site benefits from convenient access to Highway 65 bypass, ensuring easy accessibility for customers and employees. This prime location sits strategically between established businesses such as McDonald's and Git-N-Go, and is surrounded by a thriving commercial environment including Wells Fargo Bank, Mister Car Wash, Arby's, Burger King, Casey's, Kwik Star, and Fareway Grocery. The asking price is $498,326, translating to $8 per square foot of land. This property offers an outstanding chance to capitalize on the underserved restaurant market in this high-demand area. The property's size and location make it an exceptional investment for developers and entrepreneurs seeking a high-traffic, easily accessible location in a rapidly growing community. The Polk County address and 50327 zip code further solidify its prime location within Pleasant Hill.

Property profile

Verified
Property type Land
Lot 1.43 ac (62,291 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

56Th St Pleasant Hill, IA 50327
Pleasant Hill metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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