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Property profile & analytics
OFF-MARKET Estimated value $1,155,000
Commercial real estate

2421 Adventureland Dr Altoona, IA 50009-9408

1.47 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2400674
Property summary
AI-generated overview

This exceptional 1.47-acre commercial land parcel presents a unique investment opportunity in Altoona, Iowa. Located at 2421 Adventureland Drive, this C-3 zoned property boasts unparalleled visibility from Interstate 80, directly adjacent to the new Cinemark Theatre. All rough grading is complete, and infrastructure is fully installed, making this site ready for immediate construction. A shared water detention system allows for efficient development of the entire lot. The property benefits from shared signage opportunities, maximizing exposure to the high volume of I-80 traffic. Its strategic location offers exceptional proximity to major regional attractions, including Prairie Meadows Racetrack & Casino and Adventureland Park, ensuring high foot traffic and visibility. This site is ideally suited for a variety of commercial uses, including hotels, restaurants, or retail establishments. The asking price is $1,152,597.60. This is a rare chance to acquire a fully prepared site in a thriving commercial corridor with significant growth potential. The property's location ensures easy access for customers and employees alike. The combination of prime location, infrastructure readiness, and high visibility makes this an exceptional investment opportunity. Don't miss this chance to secure a piece of Altoona's burgeoning commercial landscape. The property is situated in Polk County, Iowa, with a zip code of 50009.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.47 ac (63,859 SF)
APN 171/00122-560-001
UPID US25-2400674
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
$1.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.16M
Owner & transaction history
168east INC · 1 yrs held
168east INC
since 2024
Last sale
$1.2M
3 recorded transactions
2025
Price N/A
2024
$1.2M
2017
$925,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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