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    FOR SALE
    Grocery and convenience stores

    725 Highway 965 NE, North Liberty, IA 52317

    20,319 SF 4.43 ac lot Built 2023
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US25-1611335
    725 Highway 965 NE, North Liberty, IA 52317 For Sale
    $250,000 20,319 SF
    725 Highway 965 NE, North Liberty, IA 52317
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 250,000 dollar commercial land parcel is strategically located at 725 Highway 965 Northeast in North Liberty, Iowa, zip code 52317, within Johnson County. The property offers significant investment potential due to its prime location and high visibility. Situated directly adjacent to a new ALDI store slated to open in 2024, this land benefits from the increased foot traffic and consumer activity this will generate. Highway 965 boasts a substantial daily traffic count of 18,500 vehicles, ensuring maximum exposure for any future development. The area is already home to a thriving retail environment, with established businesses such as Walgreens, Dollar Tree, Tin Roost, Field Day Brewing Company, McDonald's, and Taco Bell nearby. This presents a unique opportunity to capitalize on the existing commercial success and contribute to the continued growth of this vibrant community. The property's location offers excellent accessibility and visibility, making it ideal for a variety of commercial uses. This is a rare opportunity to acquire a high-traffic commercial land parcel in a rapidly developing area. Serious inquiries are encouraged. Coordinates are 41.754039 latitude and -91.6082301 longitude.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2023
    Construction BRICK
    Total area 20,319 SF
    Lot 4.43 ac (192,970 SF)
    APN 612276005
    UPID US25-1611335
    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
    Current use
    Occupant on record · Public records
    • ALDI Specialty Food Shop Supermarket
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.48M
    CAP Approach CAP
    $2.96M
    Comparable Approach Comparable
    $2.45M
    Blend (final) Blend
    $2.73M
    Owner & transaction history
    Aldi INC · 2 yrs held
    Aldi INC
    since 2023
    Last sale
    $2.1M
    1 recorded transaction
    2023
    $2.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $3.7M +16.3%
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