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    OFF-MARKET
    Commercial real estate

    2430 Us-169, Winterset, IA 50273

    35.16 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional opportunity encompasses a well-established motocross raceway situated on a sprawling 35.16-acre lot in Madison County, Iowa. The property, located at 2430 US-169, Winterset, IA 50273, includes two buildings on a single story, and boasts a Class B rating. The sale includes all necessary equipment for maintaining and operating the track, including a Cat D5C9 Dozer, Kubota Mower Rck60p 331z, John Deere 4440 and 4440p tractors, a John Deere Skid Steer, Cat Brush Hog, Combo Plane, Skid Tiller, Ford Water Truck, Ford Tractor, 12 ft wide cultivator, Kawasaki Mule, Cross Terrain 5h Wheel Travel Trailer, a 40-rider hydraulic starting gate, a comprehensive PA system, announcer and scoring tower, plus an array of tools, pumps, and hoses. The sale also includes the Riverside Raceway LLC, all associated special use permits (in perpetuity), websites, and social media accounts. The property is zoned C-Commercial and offers immediate possession, with an occupancy date of August 29, 2024. Adjacent to the Middle River and conveniently located a couple of miles from Winterset, this turnkey operation presents a unique investment opportunity for an owner/user. The asking price is $590,000, with a land value of $16,781 per acre. This is a rare chance to acquire a profitable, established business with significant land holdings in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 35.16 ac (1,531,570 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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