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    3625 Delaware Ave Ankeny, IA 50021

    Sponsored
    For Lease
    Contact for pricing

    3.5-Acre Development Site, Ground Lease Available

    Lot size:
    152,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.5-acre commercial outparcel presents a prime development opportunity in Ankeny, Iowa's thriving retail corridor. Located north of a Fleet Farm convenience store and directly south of Sam's Club and Hobby Lobby, this M-1 District and Commercial zoned property offers unparalleled visibility and accessibility. Its strategic location off I-35, with convenient exits at Oralabor Road and Corporate Woods Drive, ensures high traffic volume. Delaware Avenue, a major retail artery serving Ankeny and surrounding areas, further enhances its desirability. The site's proximity to a concentration of major retailers, including Target, Walmart, Home Depot, Menards, and numerous complementary businesses within a one-mile radius to the north, guarantees a robust customer base. This build-to-suit or ground lease opportunity allows for the construction of up to 31,500 square feet, catering to a variety of uses, including retail, medical, or service-oriented businesses. The strong demographics, with 80,000 residents within a five-mile radius, make this a compelling investment prospect for developers seeking a high-impact location in a rapidly growing market. This is a rare chance to establish a significant presence in a densely populated and commercially vibrant area of Ankeny, Iowa.

    Property Features for 3625 Delaware Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    152,460 SF

    Unit(s) available at that property

    Space
    Size
    152,460 SF

    HighLights

    • Ideal for retail, medical, or service businesses.
    • Build‑to‑suit or ground lease options available.
    • 3.5‑acre site allows up to 31,500 square feet of development.
    • Strong demographics: 80,000 residents within a 5‑mile radius.
    • Located near major retailers including Fleet Farm, Sam's Club, and Hobby Lobby, with convenient I‑35 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Truck Parking for PDI Parking Lot PDI - Truck Staging ... Distribution Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -93.581179524184
    Latitude
    41.694660716245

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    FAQs

    What type of property is this?
    Neighborhood center - 3.5-Acre Development Site, Ground Lease Available
    Where is this neighborhood center located?
    The property is located at 3625 Delaware Ave Ankeny, IA.
    What are key features of this property?
    This property features: Ideal for retail, medical, or service businesses.; Build-to-suit or ground lease options available.; 3.5-acre site allows up to 31,500 square feet of development.
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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
    3625 Delaware Ave Ankeny, IA 50021
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