725 Highway 965North Liberty, IA 52317

Property Details for 725 Highway 965

Year built

2023

Construction

BRICK

Lot size

4.43 AC

Property size (Sq ft)

20,319 SF

Property type

Grocery and convenience stores

APN

612276005

APU

612276005

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,991,178

  6.5%

  $7,376,472

  7%

  $6,849,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,991,854

  Geo Method

  $3,991,854

• Alternative Use

  Use

  Valuation

  Residential

  $6,222,330

  Hospitality

  $5,699,620

  Educational

  $4,742,018

  Medical

  $4,905,102

  Retail

  $7,376,472

Location Insight

City

North Liberty

County

Johnson

State

Iowa

Latitude

41.7543

Longitude

-91.6087

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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