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    7040 14Th St Ankeny, IA 50023

    Sponsored
    For Sale
    $3,417,227

    High-yield Ankeny property, 6,358 SF.

    Property size:
    6,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity in Ankeny, Iowa, presents a compelling blend of retail, office, and multifamily components. The property, situated on a 1.48-acre lot at 7040 NE 14th St, boasts a total of 6,358 square feet across three buildings, constructed in 2019. The zoning is GC, allowing for diverse uses. The building features three street-level retail or office spaces, complemented by six apartments on the second level. Additionally, there are two 3,300 square foot flex buildings offering versatile space. The property enjoys excellent access to NE 14th St and 70th Ave, strategically located between Des Moines and Ankeny. Currently, the occupancy rate stands at 68%, with a capitalization rate of 6.50%. The asking price is $3,417,227, translating to a price per square foot of $537.47. The property's multi-tenant structure provides a diversified income stream, making it an attractive investment for those seeking a strong return. The two-story buildings offer a mix of uses, catering to a variety of tenants. The property's location offers convenient access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-positioned, mixed-use property with significant upside potential. The Polk County APN is 180-00749001003. This property is a turnkey investment ready for immediate income generation.

    Property Features for 7040 14Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,358 SF
    Lot Size
    64,469 SF

    Building Details

    Year Built
    2019
    Buildings
    3
    Stories
    2

    HighLights

    • 20,400 SF mixed‑use property for sale.
    • Three street‑level retail/office spaces, six second‑floor apartments, and two 3,300 SF flex buildings.
    • Built in 2019.
    • 1.437‑acre lot.
    • Excellent access to NE 14th St and 70th Ave.
    • Prime location between Des Moines and Ankeny.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meyer's tree service Tree Service Triplett-Westendorf Financial Group Financial Planner

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.600997599807
    Latitude
    41.689114551842

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Ankeny property, 6,358 SF.
    Where is this individual retail property located?
    The property is located at 7040 14Th St Ankeny, IA.
    What is the asking price?
    The asking price for this property is $3,417,227.
    What are key features of this property?
    This property features: 20,400 SF mixed-use property for sale.; Three street-level retail/office spaces, six second-floor apartments, and two 3,300 SF flex buildings.; Built in 2019.
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    7040 14Th St Ankeny, IA 50023
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    Realmo Value Estimation

    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.

    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.

    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
    7040 14Th St Ankeny, IA 50023
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