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    Property profile & analytics

    118th Ave Elkhart, IA 50073

    • Land
    • 92.20 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 118th Ave

    Lot size
    92.20 lot acres
    Property type
    Land

    Description

    This exceptional 92.2-acre commercial land parcel presents a unique investment opportunity in Polk County, Iowa. Strategically located near Ankeny, with a precise address of NE 118th Ave, and a 50073 zip code, this property boasts significant frontage on I-35, offering unparalleled visibility and accessibility. The expansive lot size provides ample space for a wide range of commercial developments. Currently zoned for future use including heavy and medium density projects, this site is ideally suited for businesses requiring high visibility and convenient access to major transportation routes. The property's location in the thriving Ankeny area offers proximity to a growing population and robust infrastructure. Detailed site surveys and environmental assessments are available upon request. This is a rare chance to acquire a substantial commercial land holding with significant development potential in a prime Iowa location. The latitude and longitude coordinates are 41.7768741 and -93.5229609 respectively. Serious inquiries only. The marketing description indicates the property is for sale. Please note that the investment highlights mention approximately 256 acres, however, the property details specify 92.2 acres. Further clarification is recommended.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Polk
    State
    Iowa
    Longitude
    -93.523
    Latitude
    41.7769

    Comparable in this City

    • Value Estimation by Request
      55.46 Acres

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    • Value Estimation by Request
      20.00 Acres

      I--35 & Exit 96

      Farms • 20.00 Acres
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    • Value Estimation by Request
      77.58 Acres

      118 Ave

      Land • 77.58 Acres
      118 Ave, Elkhart, IA 50073
      View Details
    • Value Estimation by Request
      30.05 Acres

      118th Ave

      Land • 30.05 Acres
      118th Ave, Elkhart, IA 50073
      View Details
    • Value Estimation by Request
      20.00 Acres

      I-35 & Exit 96

      Farms • 20.00 Acres
      I-35 & Exit 96, Elkhart, IA 50073
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    • Value Estimation by Request
      1.19 Acres

      1019 Grant Ave

      COMMERCIAL (GENERAL) • 1.19 Acres
      1019 Grant Ave, Elkhart, IA 50073
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      77.58 Acres

      Prime Iowa Commercial Land

      77 Acres I-35 Frontage, Ankeny
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      30.05 Acres

      Prime Ankeny Commercial Land

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      92.20 Acres

      Prime Iowa Commercial Land

      92 Acres, I-35 Frontage, Development Potential
      118th Ave, Elkhart, IA 50073
      View Details
    • Contact for pricing
      55.46 Acres

      Ankeny Commercial Land - I-35 Frontage

      Prime Iowa land, I-35 access, development potential.
      I-35 55.457 Acres, Ankeny, IA 50073
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    • $7,296,300
      20.00 Acres

      I-35 & Exit 96 Ag Land Investment

      Iowa farmland near Des Moines, excellent visibility.
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    Similar Nearby for Lease

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    118th Ave
    Elkhart, IA 50073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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