Broker Information. Address 2000 Fuller Road, West Des Moines, IA Office North Pointe Land For Sale Grimes, IA

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1 Broker Information LOCATION LAND SIZE 18.6 Acres 810,216 +/- sf SALES PRICE $1,580, or $1.95 psf ZONING C2 General and Highway Service Commercial Heritage at Grimes Light Coming 2016 North Pointe Land for Sale North Pointe Estates Elmorodo Estates 78th Ave Silverstone Bella Strada Estates Gated Community Address, Office

2 EXCLUSIVE REPRESENTA- TION Features 18.6 acres of land available for sale Zoned C-2 General and Highway Service Commercial District. An example of permitted uses are as follows: Drive thru or freestanding restaurants, bank, drug store, gas station, grocery store, hardware store, auto shop, hotel, office building, theater, medical, retail strip center, car wash, mini storage, warehouse, and a number of other uses High likelihood that the land could be down-zoned for multi-family development New street light to be installed at Highway 141 & Beaverbrooke Boulevard in 2016 All utilites are available IDOT shows plans for a new interchange at Highway 141 and Interstate 80/35 which should help alleviate some of the current traffic issues on Highway 141. It would also remove the current loop ramps, adding a half-diamond interchange at Meredith Drive. The proposed change would add a flyover ramp from northbound I-35 and I-80 to northbound Iowa 141. Around 98,600 vehicles each day move south of the Iowa 141 interchange, while 38,100 cars move north of the interchange between the westbound and southbound ramps and Southeast 37th Street. By 2040, it s expected the numbers will rise to 133,100 vehicles south of the interchange, while rising to 62,000 vehicles north of the interchange Located across from the 400-acre Heritage at Grimes development which, upon completion, will have an estimated 4,500 new residents and a new elementary school, among other amenities Located within the Johnston School District. The new Johnston High School will be completed in the Fall of 2016 Demographics 3 miles 5 miles 10 miles Average Household Income (2015 est.) $110,786 $115,279 $89,844 Average Household Income (2020 est.) $124,040 $130,482 $103,177 Total Population (2015 est.) 18,780 49, ,266 Total Population (2020 est.) 22,071 55, ,790

3 Broker Information North Pointe Land For Sale Saylorvile Lake Northbrook Residential Lighted Intersection Coming 2016 Meadowlark South Camp Dodge 100th Street Heritage at Grimes Elmorodo Estates North Pointe Land for Sale Johnston High School Hyperion Field Golf Club Green Meadows North 62nd Avenue John Deere Credit Pioneer Hybrid Glenstone 54th Avenue Merle Hay Mall

4 EXCLUSIVE REPRESENTATION Site Plan 18.6 Acres AVAILABLE SOLD

5 EXCLU- SIVE REP- RESENTA- TION Area News Gabus plans to bring something unique to Grimes For land developers, it's always in the mind's eye. Gene Gabus can ponder 400 acres of what today is frozen farmland in Grimes and fill his view with restaurants, condominiums, single family houses and apartments, waterways, lakes and children riding their bicycles to nearby elementary schools along bike trails. "It's not going to change Grimes, but it's going to bring Grimes something they've never had," he said. The Gabus name is more obviously connected with successful auto dealerships. But Gabus residential developments have sprung up in Van Meter and Grimes already, and in time, Gene Gabus hopes to get sewers and streets built to prepare for development near 72nd Street in Pleasant Hill. North Pointe Land Over the next four or five years, he plans to watch as more than 400 acres west of Highway 141 is converted to the Heritage of Grimes, where builders could provide rooftops for an estimated 4,500 new residents, national restaurant chains will build among locally owned eateries, and residents will gather at a park, stroll along pedestrian and bike trails and dip fishing lines in lakes. For now, it's all on paper, but it has been in Gabus' mind for nearly a decade and in the planning stages for the last two years. In May, construction should begin on a street that will bisect the development and empty onto a new interchange at Highway 141. When it is finished in June, it will provide a pathway to construction. Builders already are showing a keen interest. "I'm excited about it. It's going to be a neat project," said Hannah Inman. She owns the KDC Built homebuilding company with her husband, Mike. Their firm plans to construct two townhomes that will fit in with architectural covenants. That means the townhomes will be a combination of "prairie style and farmhouse revival." Gabus said he had other signature developments in mind when dreaming up the plans for Heritage at Grimes, namely Village of Ponderosa in West Des Moines and Prairie Trail in Ankeny. Plans call for a town center and a memorial park for veterans. The northern section of the property, with its stand of oak and hickory trees, would make for estate style lots, he said. The existing waterways that snaked through farm fields the property is a combination of four farms that have been bought over the last 25 years will remain and be used as part of a stormwater collection system that will return filtered water to a nearby stream. A $2 million bridge will carry a boulevard that will run east and west through the property over the creek. A bike trail will be built under the bridge so children won't have to cross the busy street on their way to school. The Dallas Center Grimes Community School District plans an elementary school at Heritage at Grimes. Waterways and lakes will take cover 75 to 80 acres of the development, Gabus said. "It took two years to figure out where the water is going to go, what we have to put in place to store the water when we have torrential downpours and keep everything out of the flood plain," he said. The property also breaks down into 520 housing lots, 30 acres of apartments and 22 acres of for sale condominiums. "It makes for a good, complete community," Gabus said.

6 EXCLU- SIVE REP- RESENTA- TION Proposed Interchange Map 100th Street 86th Street