1201 Gateway DrGrimes, IA 50111

Property Details for 1201 Gateway Dr

Lot size

1.52 AC

Property type

Commercial real estate

APN

311/00305-571-102

APU

31100305571102

Description

This exceptional opportunity presents five commercial lots totaling 1.52 acres, ideally situated at the east entrance of the burgeoning Hope Commercial Development in Grimes, Iowa. Boasting unparalleled visibility from Highway 141, these lots command a prime location on the main thoroughfare traversing the entire 211-acre development. The high-traffic area ensures significant exposure for any business. The Hope Development, a $250 million project, is anchored by a substantial Hy-Vee grocery store exceeding 100,000 square feet, establishing a strong foundation for future growth and attracting a substantial customer base. Beyond the retail anchor, the development encompasses a diverse mix of commercial and residential properties, further enhancing the area's appeal and potential. A planned 50-acre turf sports facility will add to the vibrancy and draw of the community. Lot 2, as shown in the aerial, offers an exceptional chance to establish a thriving business within a rapidly expanding and well-planned commercial hub. The property's strategic location and the overall development's impressive scale make this an investment opportunity not to be missed. The asking price for this exceptional offering is $892,701.

• Alternative Use

  Use

  Valuation

  Residential

  $13,194,843

  Hospitality

  $12,086,405

  Educational

  $10,055,747

  Medical

  $10,401,580

  Retail

  $15,642,274

Location Insight

City

Grimes

County

Polk

State

Iowa

Latitude

41.6977

Longitude

-93.7768

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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