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512 NE Main St
Grimes, IA 50111
Industrial Property For Sale
Executive Summary
512 NE Main Street in Grimes, Iowa presents a compelling net-leased industrial investment opportunity anchored by Crunchyroll, LLC, a division of Sony Group Corporation, one of the world’s leading anime and entertainment platforms. Situated on 6.61 acres with immediate access to HWY 141 and proximity to the new GrimesPlex entertainment district, the property also offers significant value-add potential with room to expand. Grimes is one of the fastest-growing suburbs in the Des Moines metro, having tripled in population over the past two decades.
Property Facts
| Sale Type | Investment | Rentable Building Area | 71,447 SF |
| Cap Rate | 8.63% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1950 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 6.61 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M3 - Heavy Industrial | ||
| Sale Type | Investment |
| Cap Rate | 8.63% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 6.61 AC |
| Rentable Building Area | 71,447 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M3 - Heavy Industrial |
Property Taxes
| Parcel Number | 311-00305510000 | Improvements Assessment | $2,483,000 |
| Land Assessment | $457,000 | Total Assessment | $2,940,000 |
Property Taxes
Parcel Number
311-00305510000
Land Assessment
$457,000
Improvements Assessment
$2,483,000
Total Assessment
$2,940,000
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