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About This Home

This land at 501 E Hillcrest Avenue in Indianola, IA is listed for $2,100,000 (48.00 acres).

Agent Description

Looking for a 1031 Exchange property? A rare opportunity on Indianola's thriving north side. This 48+/- acre development site sits in one of the most active commercial corridors in Warren Co. positioned directly along Hwy 65/69 and surrounded by established, high-performing businesses.

With the City of Indianola's Comprehensive Plan designating this property for C-2 Commercial & Low/Med Density Res, the site offers exceptional flexibility for mixed-use development, commercial expansion, or long-term investment. Located across from the nearly built-out Summercrest Hills area-home to medical clinics, specialty providers, pharmacy,

dental offices, chiropractic care, attorney offices, gas station, construction office, credit union, car wash, the Indianola Wellness Center, a new retail strip center, and the future sports complex/fieldhouse-this property sits squarely in the path of Indianola's north-side growth.

The land includes a private 5-acre pond, rolling terrain, multiple access points, and a home on the north end that can generate immediate rental income. Whether held as a strategic investment or developed immediately, this property offers unmatched location & long term upside. Rare Scale. Opportunities like this don't come along often!

Key Features

  • 48.00 acre lot

Location

501 E Hillcrest Avenue

Indianola, IA 50125

Questions & Answers

This 0-bedroom, 0-bathroom land at 501 E Hillcrest Avenue is listed at $2,100,000. The estimated monthly payment is $9,100 based on 20% down at 6.5% interest.

Key features include: 48.00 acre lot.

This property is listed by Josh Baker and can be reached at 5154536616 or joshbaker@iowarealty.com.

JB

Josh Baker

Agent at Iowa Realty Indianola

(515) 453-6616

Listed by Iowa Realty Indianola · View on Broker Site

MLS# 741416· Source: listhub· Updated 10 days ago

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

501 E Hillcrest Avenue, Indianola, IA 50125

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