2150 NE 18th St, Grimes, IA 50111 For Sale

Prime 1.265-acre infill development opportunity in one of Grimes’ fastest-growing corridors, offering the ability to build up to 17 townhome units in a high-demand market.

Located within the established and fully built-out Village at North Pointe, this offering includes three contiguous, platted lots (Lots 8, 9, and 10) zoned R-4 Planned Residential. The site supports a density of approximately 13.4 units per acre and provides a rare opportunity to develop within a completed neighborhood with strong surrounding home values and occupancy.

This is a true shovel-ready development with utilities available at the street, including city water and sewer, and no rezoning or replatting required—significantly reducing entitlement risk and accelerating timelines. Situated within the Johnston School District and under Grimes jurisdiction, the location benefits from continued residential growth and strong buyer and renter demand across the Des Moines metro.

Market fundamentals support both build-to-rent and build-to-sell strategies.

Offered at approximately $217K per acre ($4.99/SF), the land basis supports scalable development with multiple exit strategies, including build-to-sell, build-to-rent, or phased construction.

Development opportunities of this size, zoning, and readiness within an established community are increasingly limited. All three lots are offered as a package. Development plans available upon request.

This is a strategic opportunity for builders, developers, and investor groups seeking immediate scale in a proven, high-growth submarket.

Land basis and zoning alignment create a rare opportunity to deliver attainable housing at scale in a supply-constrained market.