Less than 25 minutes from Des Moines -- SELLER FINANCING AVAILABLE -- ADJACENT WAREHOUSE FOR SALE 10768 ORCHARD AVE -- Nestled in a prime location, this 3.51-acre commercial lot represents a rare opportunity for forward-thinking investors and developers. Situated in Colfax, IA, just off the I-80, this property combines unparalleled access and visibility, making it a strategic choice for a wide array of commercial ventures. The lot’s prominent positioning adjacent to I-80 ensures easy accessibility for both customers and deliveries, enhancing operational efficiency for any business. Furthermore, its visibility from the highway presents an outstanding advantage for business signage, offering exceptional exposure to a constant stream of potential customers. Currently subject to subdivision approval, this parcel holds immense potential for a bespoke commercial development, tailored to capitalize on its strategic location. The process of subdivision approval opens up possibilities for investors to segment the development, allowing for a phased approach or the option to sell subdivided parcels, increasing flexibility and investment appeal. Ideal for entities ranging from retail outlets, service centers, to custom-built facilities, this lot offers a blank canvas to create a landmark development that could benefit from high traffic visibility and easy interstate access. The strategic location coupled with the lot's considerable size offers a unique development opportunity.
Property Details
Property Features
Listing Office:
Office Name: Soldfast Real Estate
Office Phone: (267) 241-1073
Listing Agent: Cody Wilkinson
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 3.51 Acres
Other
Directions Information:
Directions: Head east on I-80 E 0.2 mi Take exit 155 toward IA-117 S 0.3 mi Turn right onto IA-117 S 0.2 mi Turn right onto Orchard Ave 0.2 mi 10768 Orchard Ave Colfax, IA 50054
Price Information
Listing Price Info
Price Summary:
List Price: $250,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Colfax, IA.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,315
Per Month
Principal & Interest
$1,248
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$816
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Colfax-Mingo Elementary School
20 W Broadway St
Distance between this listing and this school1.77 miles
Public District Grades PK-6
9
/10
Mitchellville Elementary
308 Elm Ave NW
Distance between this listing and this school4.54 miles
Public District Grades PK-5
6
/10
Prairie City Elementary School
309 E Plainsmen Rd
Distance between this listing and this school6.64 miles
Public District Grades PK-5
Nearby Schools
6
/10
Pcm Middle School
407 E Plainsmen Rd
Distance between this listing and this school6.68 miles
Public District Grades 6-8
8
/10
Bondurant - Farrar Middle School
300 Garfield St SW
Distance between this listing and this school9.72 miles
Public District Grades 6-8
5
/10
Southeast Polk Junior High
8325 NE University Ave
Distance between this listing and this school10.16 miles
Public District Grades 7-8
Nearby Schools
3
/10
Colfax-Mingo High School
204 N League Rd
Distance between this listing and this school2.44 miles
Public District Grades 7-12
5
/10
Bondurant - Farrar High School
1000 Grant St N
Distance between this listing and this school9.70 miles
Public District Grades 9-12
4
/10
Southeast Polk High School
7945 NE University Ave
Distance between this listing and this school10.53 miles
The neighbors living near this home have an average income of $56,071. Typical income of Colfax, IA residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0000 Orchard Ave
What is the listing price of this property?
The listing price of 0000 Orchard Ave property is $250,000.
What type of property is this?
The property 0000 Orchard Ave is land located in Colfax, Iowa, 50054.
Is this property for sale now?
Active Listing: 0000 Orchard Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 0000 Orchard Ave in Colfax, IA and zip code 50054. This home sits on a 3.51 acre lot. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $250,000.
While more than 1 listings in Colfax, IA in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. The inventory of homes for sale in Colfax, IA between October 2024 and November 2024 increased by 18.2%. The median list price of listings available in November 2024 was $182,450, while the average time on the real estate market was 19 days.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
NASCAR
Monster Trucks
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Ram
GMC
Chevrolet
Classic Country
New Country