Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    810 E 1 Street Ankeny, IA 50021

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space with high traffic volume on East 1st.

    Type:Retail
    Property size:
    8,071 SF
    Added:
    Feb 7, 2026
    Days on Market:
    55
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 810 E 1 Street

    General Information

    Standard status
    Active
    Size
    8,071 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Meredith Hedstrom
    Meredith Hedstrom

    Listing agent Meredith Hedstrom License #IA S65723000

    Listing office JLL - Des Moines, Iowa

    Listing date Feb 7, 2026

    Source Crexi

    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 JLL - Des Moines, Iowa

    Overview

    Retail Space on East 1st

    This retail space benefits from its location along East 1st Street, a major east-west thoroughfare connecting residential neighborhoods to commercial destinations throughout Ankeny. The property encompasses 8,071 square feet.
    Location Intelligence

    Current Use by Public Records

    Krispy Kreme Bakery Who's on 1st Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.6105855
    Latitude
    41.7321634

    Nearby Similar for Sale

    • $2,500,000
      17,360 SF

      Ankeny Office/Warehouse Investment Opportunity

      17,360 SF office/warehouse building in Ankeny, Iowa for sale.
      335 SE Oralabor Rd, Ankeny, IA 50021
      View Details
    • $2,500,000
      25,600 SF

      32-Unit Multifamily Community in Ankeny, Iowa

      Well-maintained 32-unit apartment complex in Ankeny, Iowa.
      218 Northwest State Street, Ankeny, IA, 50023
      View Details
    • Contact for pricing
      9,847 SF

      New Construction Office Building

      Single-story building in Vintage Business Park, ideal for office tenants.
      1930 SW Magazine Rd, Ankeny, IA
      View Details
    • Contact for pricing
      8,832 SF

      New Retail Space in Ankeny

      Class A retail space in a newly constructed shopping center.
      2575 SE Hulsizer Rd, Ankeny, IA
      View Details
    • $4,232,000
      10,782 SF

      Retail Space Available for Purchase

      Retail space for sale, approximately 10782 square feet.
      3055 N Ankeny Blvd, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Trilein Village Apartments For Sale

      54-unit apartment community in Ankeny, Iowa.
      317 Northeast Trilein Drive, Ankeny, IA, 50021
      View Details
    • $1,650,000
      14,386 SF

      Ankeny Multifamily Property for Sale

      Multifamily property in Ankeny, Iowa, available for purchase.
      1011 Southeast 3rd Street, Ankeny, IA 50021
      View Details
    • $950,000

      Ankeny Bar and Grill For Sale

      Turn key bar and grill with excellent visibility.
      Business for Sale, Ankeny, IA
      View Details
    • $2,000,000
      6,656 SF

      Prairie Trail Area Office/Retail

      6,656 SF office/retail building in Prairie Trail area.
      1910 SW Plaza Shops Ln, Ankeny, IA
      View Details
    • $2,050,000
      6,784 SF

      Leased Retail Property in Ankeny

      Fully leased retail investment property in a high-traffic area.
      1850 SW Plaza Shops Ln, Ankeny, IA
      View Details
    • $1,095,000
      7,656 SF

      Ankeny, IA Preschool Investment Opportunity

      Leased to Cadence Academy Preschool with annual rent increases.
      225 E 1st St, Ankeny, IA 50021
      View Details
    • $2,050,000
      6,784 SF

      Prairie Trail Area Retail Building

      Three-tenant building in Prairie Trail area with upscale finishes.
      1850 SW Plaza Shops Ln, Ankeny, IA 50023
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high traffic volume on East 1st.
    Where is this retail space located?
    The property is located at 810 E 1 Street Ankeny, IA.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: High traffic volume location on East 1st Street; Connects residential neighborhoods to commercial destinations; Located along a major east‑west thoroughfare
    (515) 419-2963 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Meredith Hedstrom
    Meredith Hedstrom
    Real Estate License ID: IA S65723000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!