1221 Gateway DrGrimes, IA 50111

  • Other commercial real estate
  • 1.13 AC
For Sale
$886,010 View listing

Property Details for 1221 Gateway Dr

Lot size
1.13 AC
Property type
Other commercial real estate
APN
311/00305-571-105
APU
31100305571105

Description

This exceptional offering presents five commercial lots totaling 1.13 acres, strategically positioned at the eastern entrance of the burgeoning Hope Commercial Development in Grimes, Iowa. Enjoy unparalleled visibility from Highway 141, situated directly on the main thoroughfare traversing this expansive 211-acre master-planned community. The Hope Development represents a significant $250 million investment, boasting a diverse mix of commercial, residential, and recreational components. A key anchor tenant is Hy-Vee, whose substantial 100,000+ square foot grocery store already draws significant traffic to the area. The development also includes a planned 50-acre turf sports facility, further enhancing the area's appeal and attracting a wide range of residents and visitors. These lots (Lot 5 as shown on aerial imagery) offer a unique opportunity to establish a business within a rapidly growing and highly visible location, benefiting from the substantial investment and ongoing development within the Hope Commercial Development. The property's prime location and proximity to a major grocery store and future amenities make it an ideal investment for businesses seeking high visibility and strong potential for growth. This is a rare opportunity to secure a prominent position in a thriving community. The asking price for this exceptional commercial land is $884,718.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,804,947
    Hospitality
    $8,981,278
    Educational
    $7,472,318
    Medical
    $7,729,302
    Retail
    $11,623,606
1221 Gateway Dr, Grimes, Iowa
Leaflet | © OpenStreetMap contributors

Location Insight

City
Grimes
County
Polk
State
Iowa
Latitude
41.6976
Longitude
-93.7758
CBSA code
19780
CBSA name
DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$66
$1,800
-
$1,800
-
$1,800
-
$1,800

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