Property profile

302 Enterprise Dr Independence, IA 50644

OFF-MARKET
Commercial real estate
Property ID
US25-0804406
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Landscaping General Contractor
  • Discount Store Party Supply Store
  • Bakery Specialty Food Shop
  • Food Market Restaurant
  • Mobile Phone Store Electronics & Wireless Store

Location

302 Enterprise Dr Independence, IA 50644-9601
Independence metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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