118th Ave Elkhart, IA 50073
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.