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1821 SE Miehe Dr 11,000 SF 27% Leased Industrial Building Grimes, IA 50111 $1,650,000 ($150/SF)
Investment Highlights
- Four Overhead Doors
- Large Lot
- Floor Drains
Executive Summary
1821 SE Miehe Dr presents an outstanding owner-user or investment opportunity to acquire an 11,000-square-foot multi-tenant industrial flex building in the heart of Grimes' rapidly growing industrial corridor. Situated on 1.422 acres, the property offers a unique combination of immediate occupancy and in-place income, with approximately 8,000 square feet currently vacant and available for an owner-user, while a 3,000-square-foot suite is occupied by a tenant on a month-to-month lease, providing flexibility for future occupancy or leasing. The building features four overhead drive-in doors and floor drains, making it well-suited for a variety of industrial, warehouse, service, and flex users. With convenient access to major transportation routes and the Des Moines metro, this property offers an excellent opportunity for businesses seeking a functional facility or investors looking to add value in one of Central Iowa's fastest-growing markets.
Property Facts
| Price | $1,650,000 | Lot Size | 1.42 AC |
| Price Per SF | $150 | Rentable Building Area | 11,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2002 |
| Property Subtype | Warehouse | Parking Ratio | 1.45/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | M-1A - Commercial and Limited Light Industrial | ||
| Price | $1,650,000 |
| Price Per SF | $150 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.42 AC |
| Rentable Building Area | 11,000 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| Parking Ratio | 1.45/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M-1A - Commercial and Limited Light Industrial |
Amenities
- Floor Drains
- Mezzanine
- Storage Space
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 311-00390001014 | Improvements Assessment | $1,164,000 |
| Land Assessment | $206,000 | Total Assessment | $1,370,000 |
Property Taxes
Parcel Number
311-00390001014
Land Assessment
$206,000
Improvements Assessment
$1,164,000
Total Assessment
$1,370,000
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