1201 E 1st St, Grimes, IA 50111 Property Records

Polk County property record for 1201 E 1st St, Grimes, IA 50111

Property Summary

Property Type	Fast Food Restaurant
Details	2,584 sqft · built 2021
Lot Size	1 acres (43,588 sqft)
Owner	Company Name on Record
Last Sale	$1,800,000 (Jan 2024)
Tax Bill	$56,426 (2024)
Deeds & Mortgages	Oct 2023 Mortgage Jan 2024 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8025-32-452-008`

Property Details

APN / Parcel Number

Primary APN	`8025-32-452-008`
Alternative APN	`311/00305-730-702`

Interior

Stories	1 Story
Building Area	2,584 sqft Total Area
1st Floor Area	2,584 sqft

Exterior

Year Built	Built 2021
Exterior Material	Brick Veneer
Construction Type	Frame
Fire Resistance	Special
Foundation Type	Concrete
Roof Type	Flat
Roof Material	Shingle
Lot Area	43,588 sqft (1 acres)
Patio Area	450 sqft

Utilities, Heating & Cooling

Sewer	Connected

Location & Zoning

Street Address	1201 E 1ST ST
City	GRIMES
State	IA
Zip	50111-4850
Property Category	Commercial
Property Type	Commercial > Retail > Fast Food Restaurant
Legal Description	LOT 2 HOPE COMMERCIAL PLAT 2
Legal Subdivision	HOPE COMMERCIAL PLAT 2
Legal Lot Number	2
Jurisdiction	POLK IA
Township / Civil Division	JEFFERSON
Census Block Group	1
Census Block	1031
Census Tract	11302

Owner

Source: Polk County records, as of October 15, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Co-owner	Co-owner on Record
Mailing Address	2736 PALM DR, BILLINGS, MT 59102-0512
Owner Type	Company
Vesting	Trust

Deeds, Mortgages & Sale History

Date	Document
Oct 5, 2023	Deed of Trust, Mortgage · Commercial Mortgage LAKE FOREST BANK & TRUST CO NA
Jan 19, 2024	Special Warranty Deed, Transfer · Line of Credit LAKE FOREST BANK & TRUST CO NA

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jan 19, 2024 · Amount on Record
Deed Sale	Jan 19, 2024 · Amount on Record
Deed Document Number	2024-00002700
Deed Book / Page	19700 / 204
Record Updated	Jun 8, 2026

October 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK IA
Property Address	1201 E 1ST ST, GRIMES, IA 50111-4850
Transaction Type	Mortgage
Record Updated	Feb 2, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5324 N 134TH AVE, OMAHA, NE 68164-6326

Mortgage

Document Number	0000053561
Date	Oct 5, 2023
Book Page	19619/209
Instrument	2023-00053561

Lender

Name	LAKE FOREST BANK & TRUST CO NA
Type	Bank
Address	LAKE FOREST, IL 60045

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

January 2024: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	POLK IA
Recording Date	Jan 19, 2024
Property Address	1201 E 1ST ST, GRIMES, IA 50111-4850
Document Number	0000002700
Book / Page	19700 / 204
Map Reference	MB 17906 PG 514
Instrument Date	Jan 9, 2024
Instrument	2024-00002700
Transaction Type	Transfer
Record Updated	Feb 2, 2024

Transaction

Amount	Amount Recorded
Tax	$2,879.20
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2736 PALM DR, BILLINGS, MT 59102-0512

Mortgage

Document Number	0000005771
Date	Feb 7, 2024
Book Page	19713/943
Instrument	2024-00005771

Lender

Name	LAKE FOREST BANK & TRUST CO NA
Type	Bank
Address	727 N BANK LN, LAKE FOREST, IL 60045

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Change Frequency	Monthly

Tax Assessment & Valuation

Source: Polk County assessment roll, as of May 1, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Polk County
Municipality	Grimes City
Unified School District	Dallas Center-Grimes Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$1,824,000 (+8.67%) Land $742,300 Building $1,081,700	$1,824,000 (+8.67%) Land $742,300 Building $1,081,700
2024	$56,426.00 (+165,858.82%)
2023		$1,678,400 Land $651,100 Building $1,027,300	$1,678,400 Land $651,100 Building $1,027,300
2020	$34.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective August 17, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 15 policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	15 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	GRIMES WATER SUPPLY serves 17,997 people · EPA ID IA7736011
Water Source	Groundwater
Last State Inspection	Jun 2023
Lead	Under 1 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 62 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Mediacom Xtream Cable	2,000 / 1,000
CenturyLink DSL · Fiber in parts of the area	140 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Verizon.

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