Turn-Key Drive-Through
418 S Ankeny Blvd Ankeny, IA 50023
418 S Ankeny Blvd, Ankeny, IA, 50023
Contact for pricing
For Sale
Contact for pricing
Turn-key drive-through building available for sale, with restaurant space also potentially available for lease.
Property Size5,424 SF
Price / SF$294.99
Days on Market114
Property Features for 418 S Ankeny Blvd
General Information
- Standard status
- Active
- Size
- 5,424 SF
- Property subtype
- Retail
Listing agency
The Siedenburg Group
(515) 223-6222
Listed by
Ryan Siedenburg · License #IA S63895000
Source
Crexi
Added: Apr 1 Updated: Jul 22 at 10:21PM Checked: Jul 22 at 10:21PM
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-through restaurant building is offered for sale, or the restaurant space may be leased. The property is sized at 5,424 square feet and is positioned to support quick-service concepts such as coffee and food, with the space also noted as potentially adaptable for a bank branch conversion.
Located at 418 S Ankeny Blvd in Ankeny, the site sits along the S. Ankeny Blvd corridor and is described as being on a busy thoroughfare, supporting retail visibility and frequent vehicle traffic.
For additional details on the for-sale offering or lease options, and to schedule a showing, please contact the listing broker.
Located at 418 S Ankeny Blvd in Ankeny, the site sits along the S. Ankeny Blvd corridor and is described as being on a busy thoroughfare, supporting retail visibility and frequent vehicle traffic.
For additional details on the for-sale offering or lease options, and to schedule a showing, please contact the listing broker.
Key Highlights
- Drive‑thru commercial space available for sale along the S. Ankeny Blvd corridor
- Turn‑key space for uses such as coffee or food
- Possible bank branch conversion
Local 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
—
—
no second resolved use
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
Dairy Queen Grill ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Turn-key drive-through building available for sale, with restaurant space also potentially available for lease.
Where is this drive through restaurant located?
The property is located at 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: Drive‑thru commercial space available for sale along the S. Ankeny Blvd corridor; Turn‑key space for uses such as coffee or food; Possible bank branch conversion
