Property Info

Description

Peoples Company is proud to present 210.95 acres m/l of industrial land in a desirable, fast growing area between Ankeny, Altoona and Bondurant. The site sits 3.5 miles east of I-35 (Exit 90 – Oralabor Road/NE 78th Ave) and 3.5 miles north of I-80 (Exit 142 – Hwy 65). This highly desirable location offers excellent access to workforce, infrastructure, and a rapidly expanding industrial corridor.

The property is divided into two parcels: the southern 63 acres have already been annexed into the City of Altoona, while the remaining 148 acres lie in unincorporated Polk County. According to Altoona’s Future Land Use Map, the entire site is designated for Light Industrial use—making it ideal for manufacturing, logistics, warehousing, or tech infrastructure development.

A high-voltage overhead power line traverses the property, directly connecting to a major MidAmerican Energy substation located just to the south—ensuring robust power availability for high-demand users.

This region has become a magnet for large-scale industrial investment, with notable developments nearby including:

Meta (Facebook) – 500+ acre data center campus south of the site
Amazon – 2.6 Million square foot distribution facility and a 280,000 square foot last mile distribution facility.

The City of Altoona offers industrial tax abatement to qualifying uses. The city’s current program offers a 5- year sliding scale (Year 1 – 75%, Year 2 60%, Year 3 – 45% Year 4 – 30%, Year 5 – 15%)

With strong municipal support, growing infrastructure, and a central location in the heart of Iowa’s booming industrial market, this property represents a rare and valuable opportunity for developers and end-users alike.

Legal Description

Exact legal description to be taken from Abstract.

Directions

From Highway 65 in Bondurant:
Travel west on 2nd Street / NE 78th Avenue for approximately 3 miles. The property will be located on the south side of the road. Look for Peoples Company signage.

From Interstate 80 in Altoona:
Take the Highway 65 exit and proceed north. Turn west onto N 62nd Avenue / Franklin Street SW and continue for approximately 2 miles. Then turn west onto NE 78th Avenue and travel 0.5 miles. The property will be on the south side of the road. Look for Peoples Company signage.

From Interstate 35 in Ankeny:
Take the SE Oralabor Road exit and head east on SE Oralabor Road / NE 75th Avenue. Continue east for approximately 4 miles. The property will be located on the south side of the road. Look for Peoples Company signage.

Parcel Number: 00492-002-000 & 00178-452-029
School District: Bondurant - Farrar
General Area: Bondurant
Net Taxes: $7,884.00
CSR2: 88
Zoning: Agricultural

Interactive Map

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