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Property profile & analytics
OFF-MARKET
Commercial real estate

1651 3Rd St Grimes, IA 50111

Entity Owned 5-yr Hold
Property ID
US25-0325604
Property summary
AI-generated overview

This exceptional 3.7-acre commercial land parcel presents a unique investment opportunity in the thriving city of Grimes, Iowa. Located at 1651 SE 3rd St, this property boasts a substantial 161,074 square feet of land zoned C-2, offering considerable flexibility for a wide range of commercial developments. Its prime location places it directly across from the Midwest's largest Hy-Vee grocery store, ensuring high visibility and significant foot traffic. The property also enjoys close proximity to other major retailers such as Walmart and Menards, further enhancing its appeal and potential for success. Easy access to major highways provides convenient transportation links, while nearby restaurants and other amenities cater to both employees and customers. This strategic location, combined with the substantial lot size and favorable zoning, makes this property ideal for investors seeking a high-return commercial venture in a rapidly growing area. The asking price is $1,932,888. Broker co-op is available. This is a rare opportunity to acquire a significant commercial land holding in a highly desirable location within Polk County, Iowa, zip code 50111.

Property profile
Verified
Property type Commercial real estate
UPID US25-0325604
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sanav Venture LLC · 5 yrs held
Sanav Venture LLC
since 2020
3 recorded transactions
2026
Price N/A
2022
Price N/A
2020
$443,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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