Courtway Park Development
Clear Lake, IA 50428
Land For Sale · 55.30 AC

From a development perspective, the site can be thought of as having three different zones, with different locational characteristics. Area A has frontage and visibility along both highways, and is the most immediately accessible from 32nd Street, the main access point to the property. Area B has additional frontage and visibility along the interstate highway. It would be a desirable location for more land-intensive development that still benefits from freeway visibility. Area C does not have highway frontage and visibility, but its level topography and excellent access to the regional transportation network make it desirable for large footprint or distribution facilities. The Highway Business-18 exit from Interstate 35 is the most heavily utilized exit in the 120 miles between Albert Lea, Minnesota, and Ames, Iowa, making this one of the most prominent undeveloped properties along that entire stretch of freeway. The property has highly visible frontages along both highways, with approximately 2,100 feet of frontage along Interstate 35, and 1,100 feet of frontage along Highway Business-18. Old Dominion Freight Line service center has purchased 9.4 acres on the North side of Courtway Park Development, and a proposed 70-room mid-scale brand hotel, a 9,000-square-foot conference/meeting/event center that would accommodate 600 people, and a 5,000-6,000 sf restaurant and considering Lot 4.