5955 12Th Ave Pleasant Hill, IA 50327
- Commercial real estate
- 3.87 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5955 12Th Ave
- Lot size
- 3.87 lot acres
- Zone code
- R-4
- Property type
- Commercial real estate
- APN
- 221/00212-922-000
- APU
- 22100212922000
Description
This exceptional 7.09-acre commercial land parcel presents a remarkable investment opportunity in Pleasant Hill, Iowa. Ideally situated at 5955 NE 12th Ave, this property boasts a highly desirable C-2 General Commercial and Highway Service District zoning, opening doors to a wide array of commercial development possibilities. The expansive lot size offers ample space for a variety of projects, from office buildings to retail spaces, and more. Its strategic location provides easy access to major transportation arteries, including Highway 163 and Highway 65, ensuring excellent visibility and convenient access for customers and employees. Furthermore, the property benefits from the availability of all essential utilities, simplifying the development process. A significant advantage is the availability of tax abatement, potentially reducing development costs and enhancing the overall return on investment. This property is perfectly positioned to capitalize on the thriving commercial landscape of Pleasant Hill, offering a unique chance to build a successful and profitable venture. The site's proximity to major amenities adds further appeal, making it an attractive location for businesses and their employees. This is a rare opportunity to acquire a large, well-located commercial parcel in a growing Iowa community. The asking price is $1,700,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $305,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $320,000
- Mixed-Use
- $325,000
- Hospitality
- $310,000
- Educational
- $295,000
- Residential Income
- $275,000
- Energy
- $300,000
- Income-Based Land
- $320,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Pleasant Hill
- County
- Polk
- State
- Iowa
- Longitude
- -93.493
- Latitude
- 41.6002
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA