33 327Th Ln, Perry, IA 50220
This exceptional 1-square-foot commercial land parcel in Perry, Iowa, presents a unique investment opportunity. Previously utilized as a salvage yard, this property offers significant potential for redevelopment. Its strategic location within a thriving area makes it ideal for various commercial ventures. The possibilities are numerous, including self-storage facilities or automotive-related businesses. A key advantage is the inclusion of a heated Morton building, equipped with a functional lift that will remain on the property. The property's address is 33 327th Lane, Perry, IA 50220, situated in Boone County. The asking price for this promising investment is $170,000. While the square footage is listed as 1, this likely reflects a technicality in the listing and should be clarified directly with the seller. The property's true size and potential should be verified through a site visit and due diligence. This is a rare chance to acquire a piece of commercial land with existing infrastructure in a growing Iowa community. Don't miss this chance to capitalize on the potential of this unique property. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.