Hickory Avenue

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Hickory Avenue

Mount Pleasant, IA 52641
Asking Price
$257K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Expansive parcel spanning 27.05 acres in Mount Pleasant
  • Current asking price for the property is $256,975
  • Strategically situated with frontage on Hickory Avenue
  • Land suitable for agricultural or development projects
  • Located within the Henry County regional market

What's Special

Development of this 27.05-acre parcel on Hickory Avenue in Mount Pleasant, Iowa, presents a strategic opportunity for expanding local inventory. The site offers significant acreage suitable for agricultural pursuits, rural residential development, or industrial expansion depending on long-term investment goals. Mount Pleasant serves as a central hub in Henry County, benefiting from regional infrastructure and access to major transit routes that connect the community to the broader Southeast Iowa economy. Investors and developers will find the expansive nature of the land flexible enough to accommodate various site plans and density requirements. The landscape in this part of Iowa supports consistent growth patterns, making this a viable prospect for those seeking to establish a footprint in a stable Midwestern market. Whether evaluating the property for long-term land banking or immediate development, this site provides the necessary scale for substantial regional projects.

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NOI
$80,000
Cap Rate
31.13%
DSCR
5.24
Strong
Cash-on-Cash
83.98%
Monthly Payment
$1,271.372
Annual Cash Flow
$64,743.535

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