33240 Ute Ave Waukee, IA 50263
This exceptional 9.3-acre property in Waukee, Iowa, presents a unique mixed-use investment opportunity. Ideally situated near Interstate-80 (40,000 vehicles per day), this land boasts prime visibility and accessibility. The property benefits from significant recent improvements, including a completed 100-year storm water system, a partially finished storm water detention area, and a newly installed 7-inch reinforced concrete road with curb and gutter along the northern boundary, providing direct access to I-80. Utilities, including water, electricity, and high-speed fiber internet, are readily available at the Ute Avenue intersection. Dallas County's C-2 zoning permits a wide range of uses, including high-density residential, commercial, retail, restaurants, and outdoor storage, making this a versatile investment. The property also features an existing business park sign with space for six business names. The seller has allocated $500,000 for additional improvements based on buyer requests, further enhancing the property's value. This location is within two minutes of the 1,200-acre Kettlestone Development and benefits from the favorable 2006 Dallas County fire code. The surrounding area is experiencing rapid growth, with significant residential and commercial developments underway and planned nearby. This presents a compelling opportunity for developers and investors seeking high-growth potential in a thriving Iowa market. The asking price is $1,795,662. The total square footage is 405,108 square feet. The property was renovated in 2023.
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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
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No recorded transactions found for this property.
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Risks
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