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Property profile

0 54Th Ave Urbandale, IA 50131

OFF-MARKET
Retail properties & Spaces
120,214 SF 0.44 ac lot
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Property summary

AI-generated overview

This exceptional 7.58-acre commercial property, situated at the intersection of Merle Hay Road and NW 54th Avenue in Johnston, Iowa (zip code 50131), presents a unique investment opportunity. The property boasts a total of 120,214 square feet and is zoned C-3 & M-2, allowing for a variety of retail, mixed-use, and office developments. The location offers excellent visibility and accessibility, being approximately half a mile from the I-35/80 interchange. The site is part of the Beaver Farms/Heard Gardens area and is strategically positioned near a variety of established businesses, including Sonic Drive-In, Jimmy John's, Pagliai's Pizza, Ignit Sports Complex, and LifeServe. The property's proximity to a bike path on Johnston Drive adds to its appeal. The asking price is $4,954,695. The lot size is flexible, ranging from 0.44 acres to the full 7.58 acres, and the seller will consider dividing the land to accommodate various development plans. This presents a rare chance to acquire a substantial parcel in a thriving commercial corridor with strong potential for future growth. The property is ideally suited for developers seeking a high-traffic location with diverse zoning options.

Property profile

Verified
Property type Retail properties & Spaces
Total area 120,214 SF
Lot 0.44 ac (19,166 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

54Th Ave Urbandale, IA 50131
Urbandale metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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