1201 Gtwy Dr Grimes, IA 50111
This exceptional opportunity presents five commercial lots totaling 1.52 acres, ideally situated at the east entrance of the burgeoning Hope Commercial Development in Grimes, Iowa. Boasting unparalleled visibility from Highway 141, these lots command a prime location on the main thoroughfare traversing the entire 211-acre development. The high-traffic area ensures significant exposure for any business. The Hope Development, a $250 million project, is anchored by a substantial Hy-Vee grocery store exceeding 100,000 square feet, establishing a strong foundation for future growth and attracting a substantial customer base. Beyond the retail anchor, the development encompasses a diverse mix of commercial and residential properties, further enhancing the area's appeal and potential. A planned 50-acre turf sports facility will add to the vibrancy and draw of the community. Lot 2, as shown in the aerial, offers an exceptional chance to establish a thriving business within a rapidly expanding and well-planned commercial hub. The property's strategic location and the overall development's impressive scale make this an investment opportunity not to be missed. The asking price for this exceptional offering is $892,701.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.