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    OFF-MARKET
    Land

    3 Mitchell Dr, Hiawatha, IA 52233

    2.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.754-acre commercial land parcel, located at Lot 3 Mitchell Drive in Hiawatha, Iowa, presents a unique development opportunity. Priced at $417,740, this lot is situated in a high-traffic area, boasting excellent visibility and signage opportunities due to its adjacency to I-380. The Iowa Department of Transportation reports a daily traffic count of 13,950 vehicles, ensuring significant exposure for any future development. All utilities are conveniently located on-site, making construction seamless. The property is conveniently located between the Boyson Road and the new Tower Terrace interchanges, providing easy access and high visibility. The lot is fully pad-ready and has undergone final platting, eliminating pre-construction delays. While the total acreage is 2.754 acres, the buildable area is approximately 1.8 acres. Detention is a shared common area, with maintenance costs shared amongst Lots 1, 2, and 3. This prime location in Linn County, Iowa (zip code 52233), offers unparalleled potential for commercial development. Don't miss this chance to secure a highly desirable commercial property in a thriving Iowa community.

    Property profile
    Verified
    Property type Land
    Lot 2.75 ac (119,964 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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