21035 240th St, Grundy Center, IA 50638-8695
This exceptional industrial property, located at 21035 240th Street in Grundy Center, Iowa, offers a substantial 80,000 square feet of warehouse space. Built in 1994, this multi-tenant building is situated in Grundy County and presents a unique opportunity for businesses seeking ample storage and operational space. Currently, 40,000 square feet is immediately available for lease, divisible into two 20,000 square foot units. The available space includes desirable features such as three dock doors, a small office area, and two restrooms. The building's sprinkler system ensures a safe and secure environment for tenants. This space is ideal for businesses requiring significant storage capacity and convenient access to transportation routes. The lease terms are highly competitive, offering an attractive initial rate of $2.99 per square foot for the first six months, transitioning to $3.25 per square foot thereafter. There is also the option to lease an adjacent 40,000 square foot bay, providing a total of 80,000 square feet for businesses needing even greater space. This property represents a compelling investment opportunity in a desirable location within Grundy County, Iowa, with a zip code of 50638. The property's coordinates are 42.3624977 latitude and -92.8117174 longitude.
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Best Veneer Company Building Supply Big Box & Wholesale Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.