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Property profile

0 Johnston Dr Johnston, IA 50131

OFF-MARKET
Land
4.38 ac lot
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Property summary

AI-generated overview

This exceptional 4.38-acre commercial and industrial land parcel in Johnston, Iowa, presents a remarkable development opportunity. Priced at $1,910,000, or $12 per square foot, this property boasts a highly desirable location along a bike trail, directly east of Johnston's first dog park, and south of upcoming city kayak launch/water trails. Its proximity to the new Gateway District (0.5 miles) offers unparalleled access to a thriving community. The site is ideal for build-to-suit projects, including office, retail, restaurant, or bar concepts. Future development in the area includes the LifeServe Blood Center (opening 2024), Bombers Des Moines (a 50,000 sq ft golf venue with a 100-room hotel and hitting bays, under construction), and Ignit Sports and Fitness (a recreation center with indoor track, soccer field, and more, opening 2024). The property's location within Polk County, Iowa, and its 50131 zip code, ensures easy access to major transportation routes and amenities. This is a rare chance to acquire a significant land holding in a rapidly growing area with exceptional potential for future development and high return on investment. The property's size and strategic location make it an attractive proposition for developers seeking to capitalize on Johnston's vibrant growth.

Property profile

Verified
Property type Land
Lot 4.38 ac (190,793 SF)

Cap rate & NOI

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

Location

Johnston Dr Johnston, IA 50131
Johnston metro
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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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