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200 SE Gateway Dr
Grimes, IA 50111
Grimes Plaza · Retail Property For Sale
PROPERTY FACTS
ABOUT 200 SE GATEWAY DR , GRIMES, IA 50111
CBRE | Hubbell Commercial is the exclusive advisor for the sale of Grimes Plaza Shopping Center, a 16,800 square foot first-in-class neighborhood retail center located at 200 SE Gateway Drive in Grimes, Iowa (Polk County). Grimes Plaza is located at the SW corner of the heavily traveled Highway 141 and E 1st Street, the central entrance into the city of Grimes. Grimes Plaza offers an excellent mix of tenants with a stable historical occupancy and is currently 100% leased. The center has maintained a high level of occupancy and is quickly back filled by other tenants seeking a retail presence in this area of Grimes. The overall center is well maintained and has been professionally managed. Recent capital investments include the replacement of LED lighting to the shopping center lighting in 2016. This strong location coupled with exceptional Grimes demographics and the overflow of new development make this an outstanding long-term real estate investment.
PROPERTY TAXES
| Parcel Number | 311-00305650002 | Improvements Assessment | $1,325,000 |
| Land Assessment | $845,000 | Total Assessment | $2,170,000 |
PROPERTY TAXES
