110 Acres in Grimes, IA - $1,870,000

Offering approximately 110 acres m/l of transitional development land located just west of Grimes, Iowa. Property is currently in the phase two region of the annexation plan for the City of Grimes. The closest serviceable sanitary sewer and water is currently located in the Beaverbrooke subdivision on the north side of Grimes, roughly 2 miles northeast of subject property- see Attachments for exact maps. Dallas Center-Grimes Community School is located just one mile east, making this land ideal for future residential development. According to recent development data, the City of Grimes issued 207 new building permits while only 180 lots were developed in 2016, indicating an increase in demand and a decrease in inventory of lots available. The existing acreage on the northwest corner of the property will be surveyed off prior to closing. Farm consists of approximately 108 tillable acres carrying a 88.6 CSR2 with potential to be 100% tillable. Primary tillable soils include Clarion, Nicollet, and Webster loam. Property is located just 3 miles west of Grimes in Section 35 of Grant Township.