Turn-Key Drive-Thru
410-418 S Ankeny Blvd Ankeny, IA 50023
For Sale
Contact for pricing
Pending
Turn-key drive-thru building on S. Ankeny Blvd corridor, available for sale or restaurant lease.
Property Size5,424 SF
Days on Market118
Property Features for 410-418 S Ankeny Blvd
General Information
- Standard status
- Pending
- Size
- 5,424 SF
- Property subtype
- RETAIL
Listing Agency:
The Siedenburg Group
(515) 339-9616
Listed By:
Ryan Siedenburg · License #S63895000
(515) 339-9616
Source:
Moodyscre
Added: Apr 1
Changed: Jul 25
Last Checked: Jul 26 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Siedenburg Group
Investment Insights
Based on property information with market context.
This turn-key drive-thru space includes a building totaling approximately 5,424 square feet, offered for sale. The property is positioned for restaurant use, with public remarks noting potential flexibility for concepts such as coffee or food.
The site is located at 410–418 S Ankeny Blvd in Ankeny, Iowa, along the busy S. Ankeny Blvd corridor. Public remarks also indicate the space may be suitable for possible bank branch conversion. The building is available for sale, and restaurant space can be leased. Call for additional details and to schedule a showing.
The site is located at 410–418 S Ankeny Blvd in Ankeny, Iowa, along the busy S. Ankeny Blvd corridor. Public remarks also indicate the space may be suitable for possible bank branch conversion. The building is available for sale, and restaurant space can be leased. Call for additional details and to schedule a showing.
Key Highlights
- Turn‑key drive‑thru space on the busy S. Ankeny Blvd corridor
- Available for sale or restaurant lease
- Potential uses mentioned: coffee, food, or bank branch conversion
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.6k | $18.00 |
| − Vacancy | −$5.4k | −$0.99 |
| EGI | $92.3k | $17.01 |
| − OpEx | −$23.1k | −$4.25 |
| NOI | $69.2k | $12.76 |
5,424 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$988.5K
$865.0K – $1.15M
NOI $69,197 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$714.7K
$625.3K – $833.8K
NOI $50,027 @ 7.0% cap · market cap 3.13%
Theoretical Best
Flex RnD
$5.22M
$4.57M – $6.09M
NOI $365,491 @ 7.0% cap · market cap 22.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
FAQs
What type of property is this?
Drive through restaurant - Turn-key drive-thru building on S. Ankeny Blvd corridor, available for sale or restaurant lease.
Where is this drive through restaurant located?
The property is located at 410-418 S Ankeny Blvd Ankeny, IA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turn‑key drive‑thru space on the busy S. Ankeny Blvd corridor; Available for sale or restaurant lease; Potential uses mentioned: coffee, food, or bank branch conversion
