9th 9Th St Altoona, IA 50009
This exceptional offering presents seven commercial and industrial land parcels in Altoona, Iowa, totaling approximately 17.8 acres. Strategically located within a half-mile of Interstate 35/80 access and just 30 minutes from Des Moines International Airport, these lots provide unparalleled connectivity. Each lot is zoned C-2 (General Commercial), ensuring a wide range of development possibilities. All utilities are available on-site, simplifying the development process. Individual lot sizes range from 1.51 acres to 2.17 acres, offering flexibility for various project scales. The asking price is $3,883,374, with each lot priced at $5 per square foot. This represents a unique opportunity to acquire prime commercial and industrial land in a rapidly growing area with excellent infrastructure and convenient access to major transportation arteries. The properties are currently available on the market and ready for immediate development. Detailed lot sizes and availability are available upon request. This is an ideal investment for businesses seeking a strategic location with easy access to transportation and a thriving regional economy. The C-2 zoning allows for a diverse range of commercial and industrial uses, making this a versatile and attractive investment opportunity.
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
Similar Nearby for Sale
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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.