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Property profile & analytics
FOR SALE
Commercial land

711 E 2Nd Ave Indianola, IA 50125

1.92 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1692557
Property summary
AI-generated overview

This exceptional 1.92-acre commercial lot, located at 711 E 2nd Ave in Indianola, Iowa, presents a rare development opportunity. Priced at $275,000, this flat, build-ready parcel boasts excellent visibility and accessibility. Situated off Highway 92, near the intersection of Highways 92 and 65, the property benefits from high traffic volume, with over 16,000 Annual Average Daily Traffic at the intersection. The lot offers ample frontage on E 2nd Ave and is bordered by mature trees on the east and south sides, providing a naturally landscaped setting. Its convenient location offers proximity to both Indianola High School and Middle School, enhancing its appeal for various commercial ventures. The property also backs up to DeNelsky Park, adding to its attractive surroundings. Indianola's vibrant community, home to Simpson College, the National Balloon Classic, and the Warren County Fairgrounds, provides a strong foundation for business growth. This is one of the few available commercial lots in Indianola, making this a truly unique investment opportunity. The property's size, location, and build-ready condition make it ideal for a variety of commercial developments, including retail spaces or office buildings. Don't miss this chance to secure a prime piece of Indianola real estate. Zip code: 50125.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.92 ac (83,804 SF)
APN 48860000202
UPID US25-1692557
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
Adelphi Holdings LLC · 3 yrs held
Adelphi Holdings LLC
since 2022
Last sale
$550,000
3 recorded transactions
2024
Price N/A
2022
$550,000
2019
$128,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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