0 Hwy 169 & Mdw RdAdel, IA 50003

Property Details for 0 Hwy 169 & Mdw Rd

Lot size

6.78 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 6.78-acre commercial land parcel presents a unique investment opportunity in the rapidly growing suburb of Adel, Iowa. Strategically located at the key intersection of Highway 169 and Meadow Road, this property boasts high visibility and accessibility, with a recorded 6,200 vehicles per day (VPD) in 2019. The site is ideally positioned to benefit from significant residential growth, situated directly in the path of new housing developments. Adel's population has experienced remarkable expansion, increasing by 67% between 2010 and 2020, from 3,682 to 6,153 residents. Further supporting this growth, 876 new single-family homes have been constructed in the past decade. The property's proximity to key amenities, including a new elementary school, an aquatic center, and a planned city recreational complex, enhances its appeal and potential for development. The City of Adel offers a commercial tax abatement program extending through 2025, providing additional financial incentives. Significant infrastructure improvements have also been made, including a $25 million water system upgrade and the completion of a new sewer treatment plant, ensuring the property is well-equipped for future development. This divisible parcel offers exceptional potential for a variety of commercial uses, capitalizing on Adel's robust growth trajectory and prime location. The asking price is $1,300,000.

Location Insight

City

Adel

County

Dallas

State

Iowa

Latitude

41.6003

Longitude

-94.013

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