3 Mitchell Dr, Hiawatha, IA 52233
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.
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.