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Property profile & analytics
OFF-MARKET
Commercial real estate

302 Enterprise Dr Independence, IA 50644-9601

Entity Owned Free & Clear
Property ID
US25-0804406
Property summary
AI-generated overview

This exceptional 1.04-acre commercial land parcel presents a unique investment opportunity in Independence, Iowa. Located at 302 Enterprise Drive, this property boasts a highly desirable C-2 General & Highway Service Commercial District zoning, allowing for a diverse range of uses. Potential development options include retail establishments, restaurants with drive-thru capabilities, office spaces, and various service and professional service businesses. Its strategic location offers excellent accessibility and visibility, further enhanced by its proximity to a Walmart Outlot. The property is situated in Buchanan County, the county seat, ensuring a strong local market and customer base. While offering significant potential, prospective buyers should note that the lot will require replatting prior to development. This prime commercial land is exceptionally priced, making it an attractive proposition for investors seeking a strong return on investment in a thriving Iowa community. The address is 302 Enterprise Dr, Independence, IA 50644. The property's latitude and longitude coordinates are 42.45110078, -91.89134062 respectively.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 1009276027
UPID US25-0804406
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
  • Walmart Patio & Garden Services Landscaping General Contractor
  • Jakes Fireworks Discount Store Party Supply Store
  • Walmart Bakery Bakery Specialty Food Shop
  • Walmart Deli Food Market Restaurant
  • Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
WAL-MART REAL EST BUSINESS WAL-MART STORES INC · 3 yrs held
WAL-MART REAL EST BUSINESS WAL-MART STORES INC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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