113 Acres in Van Meter, IA - $5,096,250
Prime Development Land Between Van Meter and West Des Moines
Discover an unparalleled investment opportunity with three combined parcels of land strategically located between the rapidly growing areas of Van Meter and West Des Moines. This prime property is ideally positioned to capitalize on West Des Moines' expansion, making it a standout choice for both developers and investors.
This property represents a unique chance to invest in a high-potential area with strong agricultural value and significant development prospects. With a balance of income from productive cropland and a prime location for future residential growth, this land is a valuable asset poised for long-term success.
Key Features:
Acreage:The property spans 113.25 acres m/l, including nearly 95 FSA cropland acres. The land features established terraces and boasts a CSR2 value of 68.18, offering strong agricultural productivity alongside development potential.
Soil Composition...
Soil Composition:The primary soil types on this tract are highly productiveWiota Silty LoamandShelby, Colo, & Nevin Silty Clay Loam, making the land ideal for continued agricultural use or future residential development.
Location:Positioned between Van Meter and West Des Moines, with easy access to essential utilities, including a 4" water service from the Warren Water District running along Tabor Road up to 360th/F90.
Zoning:According to the City of West Des Moines comprehensive plan, this property is designated for Detached Residential use, allowing for the development of single-family homes with a density of up to 10 units per acre. Its perfect for creating walkable neighborhoods, conventional subdivisions, and diverse lot sizes with proximity to parks and green spaces.
Current Income:The land is actively generating income, with 85 acres leased at $250 per acre for a total rent of $21,250 in 2023. The lease is active for 2025, providing a stable return on investment.
Future Growth Potential:The West Des Moines 2022 transportation master plan highlights a future freeway near the property, enhancing its accessibility and appeal for residential development.
Development Considerations:A water service study will be required for future subdividing to ensure resource allocation meets development needs. Mid American high-voltage lines run along the northern boundary of the farm.
Why Invest in Van Meter and West Des Moines?
Van Meter:As one of Iowas charming and growing small towns, Van Meter combines the appeal of rural living with the convenience of proximity to major urban areas. Known for its community spirit and quality schools, Van Meter is attracting families and professionals seeking a balance between work and lifestyle. With easy access to Interstate 80 and its close proximity to Des Moines, Van Meter is positioned for future growth, making it an attractive location for residential development.
West Des Moines:A recognized hub of economic growth, West Des Moines has consistently ranked as one of the fastest-growing cities in Iowa. It boasts a thriving economy, low unemployment, and a strong commercial presence with major employers like Wells Fargo, Hy-Vee, and Microsoft. The city offers excellent schools, top-tier amenities, and vibrant retail centers, including Jordan Creek Town Centerone of the largest shopping malls in the Midwest. With a strategic location near Des Moines and robust infrastructure plans, West Des Moines continues to be a prime destination for developers and investors alike.
Planning & Oversight:
While adjoining the City Limits of Van Meter, there is amoratorium agreementin place between Van Meter and West Des Moines, stipulating that all subdivision plats and plats of survey for this parcel will be reviewed by the City of West Des Moines. This ensures a streamlined development process and alignment with West Des Moines' growth plans.
