5300 86Th StJohnston, IA 50131

For Sale
$975,000

86th Street Corridor, Johnston, IA - Development Ready

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 1.25-acre commercial development site is located at 5300 NW 86th St in Johnston, Iowa, within the desirable Roughwood master-planned mixed-use development. Priced at $975,000 ($780,000/acre), this property offers immediate development potential. All utilities are already in place, simplifying the construction process and minimizing upfront costs. The site benefits from its strategic location along the busy 86th Street corridor, experiencing significant population and daytime employment growth. High demand exists for various commercial uses, including retail, medical facilities, daycare centers, and office spaces. This presents a unique opportunity for investors and developers to capitalize on the area's thriving economy. Further enhancing its appeal, the property is eligible for a substantial 5-year Tax Increment Financing (TIF) incentive, potentially providing up to $450,000 in tax rebates. This incentive significantly reduces development costs and accelerates return on investment. This prime location in Polk County, Iowa, zip code 50131, offers unparalleled access to a growing market and a strong foundation for a successful commercial venture. Don't miss this chance to acquire a highly sought-after development site in a rapidly expanding area.

Highlights

  • 1.25-acre development site on Johnston's 86th Street corridor.
  • Fully-serviced lot with utilities available.
  • Located within the Roughwood mixed-use development.
  • Strong population and employment growth in the area.
  • High demand for retail, medical, daycare, and office space.
  • Eligible for a $450,000, 5-year Tax Increment Financing (TIF) incentive.

Property Details for 5300 86Th St

Property type
Other land, Land
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Johnston
County
Polk
State
Iowa
Latitude
41.6562564
Longitude
-93.7371623
5300 86Th St, Johnston, Iowa

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5300 86Th St
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