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01 S 15th St. - 28.68 Acres M/L Development Land - Indianola 28.68 Acres of Residential Land Offered at $831,720 in Indianola, IA 50125

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PROPERTY FACTS

Price $831,720
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 28.68 AC
Zoning R-2

1 LOT AVAILABLE

Lot

Price $831,720
Price Per AC $29,000.00
Lot Size 28.68 AC

DESCRIPTION

An outstanding development opportunity awaits with this 28.68-acre m/l parcel ideally situated on the southeast side of Indianola. Boasting high-visibility frontage at the intersection of S 15th Street and Kennedy Street, this property is strategically located within city limits and directly across the street from Indianola Middle School and west of Pickard Park, an ideal setting for residential development. City utilities are readily available at the street, including sewer, natural gas, electric, and fiber internet provided by Indianola Municipal Utilities. City water is located at the northwest corner of the property along S 15th Street. Zoned R-2, the property supports a variety of housing options such as single-family homes, duplexes, townhomes, and rowhomes, making it a flexible investment for developers and builders alike. The parcel also includes approximately 25.83 tillable acres with an impressive CSR2 of 87.1, offering additional versatility or interim income potential. This tract combines location, infrastructure, and zoning flexibility in one compelling package. Don't miss your chance to develop in one of Warren County's fastest-growing areas. Contact the listing agent today for zoning regulations, development plans, and more information.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49023290662
Land Assessment
$66,300
Improvements Assessment
$0
Total Assessment
$66,300
  • Listing ID: 36408342

  • Date on Market: 6/25/2025

  • Last Updated:

  • Address: 01 S 15th St., Indianola, IA 50125

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