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    Property profile & analytics
    OFF-MARKET Estimated value $3,260,000
    Warehouses

    21035 240th St, Grundy Center, IA 50638-8695

    82,000 SF 38.11 ac lot Built 1994
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US25-2415269
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1994
    Total area 82,000 SF
    Lot 38.11 ac (1,660,072 SF)
    APN 871711100001
    UPID US25-2415269
    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
    Current use
    Occupant on record · Public records
    • Best Veneer Company Building Supply Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.26M
    Owner & transaction history
    BEST VENEER COMPANY, LLC,
    BEST VENEER COMPANY, LLC,
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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