Current Use by Public Records
- Land
Property Details for 0 15Th St
- Property type
- Land
Description
This exceptional commercial land parcel is located on N 15th St in Indianola, Iowa, zip code 50125. Currently zoned for residential development, this property presents a unique opportunity for investors and developers. Part of the Prairie Glynn Plat 3 development, this lot offers a variety of flat and walkout options, ideal for building new homes. Indianola is a thriving community boasting excellent schools, parks, and numerous amenities, while still providing convenient access to the Des Moines Metro area. A significant incentive for development is the new five-year residential tax abatement program. This program offers a 100% abatement in the first year, decreasing by 20% annually for the subsequent four years. Minimum finished square footage requirements apply: 1,350 square feet for one and one-half story, two-story, split-level, and split-foyer dwellings; and 1,200 square feet for one-story or ranch-style homes. Finished area calculations exclude below-grade spaces, porches, breezeways, and attached garages. This property is available Spring 2022 and represents a compelling investment in a growing Iowa community.
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
- Indianola
- County
- Warren
- State
- Iowa
- Longitude
- -93.5397
- Latitude
- 41.3662
