3455 Gateway Dr Grimes, IA 50111
This exceptional 3.5-acre commercial and industrial land parcel presents a unique investment opportunity in the thriving Grimes, Iowa market. Located at 3455 SE Gateway Dr, this property boasts prime visibility and accessibility, with direct frontage on Highway 141. Its strategic location places it between well-established businesses such as Canoyer Garden Center and Hy-Vee Fast & Fresh, ensuring high traffic and excellent brand exposure. The property's M-1A zoning allows for a variety of light industrial uses, providing flexibility for diverse development plans. The asking price is $1,675,000, translating to a land value of $11.95 per square foot. Its proximity to the I-35/80 interchange offers unparalleled connectivity to regional transportation networks, making it an ideal location for businesses requiring efficient logistics and distribution. This property is ready for immediate development, presenting a compelling opportunity for investors seeking a high-return, strategically located asset in a rapidly growing area. The Polk County location and 50111 zip code further enhance its appeal. Don't miss this chance to acquire a premier commercial and industrial land parcel in a prime location.
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
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Property description
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Costs & Benchmarks
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Risks
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