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Property profile & analytics
OFF-MARKET
Commercial real estate

1201 Gtwy Dr Grimes, IA 50111

1.52 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US25-2429581
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.52 ac (66,124 SF)
APN 311/00305-571-102
UPID US25-2429581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
DSRK LLC
DSRK LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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