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Property profile & analytics
OFF-MARKET
Warehouses

939 Hawkeye SW Ave Le Mars, IA 51031-1862

5,100 SF 1.42 ac lot Built 1957
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-2323729
Property summary
AI-generated overview

This exceptional 2.95-acre commercial property in Le Mars, Iowa, boasts 275 feet of prime highway frontage on Hawkeye Ave SW. The site includes a 1,344 sq ft concrete block building currently rented month-to-month, featuring two loading bays with 10-foot overhead doors, a 220V HVAC system, office space, and restroom facilities. Additionally, there are two metal warehouses on-site, one measuring 5,100 sq ft and the other 4,000 sq ft, each with an overhead door. These warehouses are potentially relocatable, opening up various development opportunities. The property's location in Le Mars, known as the "Ice Cream Capital of the World," offers significant advantages, including proximity to Wells Enterprises (Wells Blue Bunny Ice Cream), a thriving community with ample amenities such as an airport, golf course, and various businesses. The property also benefits from excellent access via a newer road providing frontage on both the highway and a less-traveled route. With 12 parking spaces and Commercial zoning, this property presents a unique investment opportunity with high potential for diverse commercial uses. The asking price is $1,250,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1957
Total area 5,100 SF
Lot 1.42 ac (61,768 SF)
APN 12-17-451-031
UPID US25-2323729
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Total Motors LLC · 4 yrs held
Total Motors LLC
since 2022
Last sale
$375,000
3 recorded transactions
2026
Price N/A
2022
$375,000
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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