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Financial
Distress signals
Property profile

351 Gtwy Dr Grimes, IA 50111

OFF-MARKET
Grocery and convenience stores
Property ID
US25-0262059
22,338 SF 3.86 ac lot Built 1998
Last sale Jan 2026 · $954,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial land parcel located in Grimes, with direct visual access from 141. It is situated near key local amenities and activity centers, including being within minutes of Hy-Vee and less than 3 miles from the Grimes North and South Sports Complex, indicating proximity to a high-traffic area within the community. The parcel is configured for flexible commercial development potential, subject to applicable zoning and development requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$66k
Tax billed · 2020
Assessed value · 2023$1.87M
Assessed land$502k
Assessed improvement$1.37M
Effective rate3.55%

Value estimate

· Oct 2026
$1.86M
$1.67M – $2.05M
Submarket $/SF estimate$2.22M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$117/SF
County average, outlier-cleaned · 117 recorded sales of this use type
Observed band · Q1–Q3$60 – $175

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
The C-2 General andHighwayService Commercial District is intended to provide for general commercial areas outside of the central business...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.7
Law Firm12.5
Hair Salon10.1

Location

351 Gtwy Dr Grimes, IA 50111-2260
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
221 Gtwy, Grimes, IA 50111-1283 $127,000 Oct 2022 12,767 SF
1515 25th, Grimes, IA 50111-8142 $271,500 Sep 2021 12,200 SF
480 Gtwy, Grimes, IA 50111 $1,825,500 May 2021 10,000 SF
1701 1st, Grimes, IA 50111-5274 $1,098,000 Aug 2020 10,870 SF
2055 1st, Grimes, IA 50111-7614 $1,695,500 Oct 2019 20,074 SF
275 Brookside, Grimes, IA 50111-4900 $303,500 Jan 2019 9,744 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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