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    405 Magazine Rd Ankeny, IA 50021

    Sponsored
    For Lease
    $10 SF/Yr ($13,265 /Mo)

    Ankeny industrial flex space; multiple suites available.

    Lot size:
    15,918 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Ankeny, IA property, Ankeny Business Center I, offers 15,918 square feet of flexible industrial space in a single, one-story building constructed in 2016. The property sits on 2.8 acres of land and is zoned M-1 light industrial. Seven drive-in doors provide convenient access. The building features an 18-foot ceiling height and a fully sprinklered system. Currently, there are 6 suites available, with a minimum divisible space of 2,450 square feet and 5,075 square feet currently vacant. Two suites are highlighted: Suite 101 offers approximately 1,225 square feet of finished showroom space at $14.00 per square foot and 1,400 square feet of warehouse/storage space at $10.00 per square foot. Suite 102 includes approximately 735 square feet of finished office space at $12.50 per square foot and 1,715 square feet of warehouse/storage space at $10.00 per square foot. The building is of steel construction and features 12' x 14' drive-in doors. Located at 405 SE Magazine Road, with Cortina as a cross street, this property presents a compelling opportunity for businesses seeking flexible and functional space in a convenient location. The warehouse/storage areas include Reznor heating and lighting.

    Property Features for 405 Magazine Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,918 SF
    Total Rate
    13265

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 101
    Size
    2,625 SF
    Rate per SF
    $14
    Space
    Suite 102
    Size
    2,450 SF
    Rate per SF
    $12

    HighLights

    • 15,918 SF flex industrial building on 2.8 acres, Ankeny, IA.
    • Multiple suites available, ranging from 2,450 - 2,625 SF.
    • 5,075 SF currently vacant.
    • Seven drive‑in doors, 18' ceilings, and M‑1 zoning.
    • Built in 2016, single‑story building with sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nick Jarosh Fitness Physical Fitness Program Exterior Worx Roofing Contractor ETS Performance Ankeny Gym

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.59433654
    Latitude
    41.71736067

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    FAQs

    What type of property is this?
    Flex space - Ankeny industrial flex space; multiple suites available.
    Where is this flex space located?
    The property is located at 405 Magazine Rd Ankeny, IA.
    What is the lease rate?
    The lease rate is $12-$14 SF/Yr.
    What are key features of this property?
    This property features: 15,918 SF flex industrial building on 2.8 acres, Ankeny, IA.; Multiple suites available, ranging from 2,450 - 2,625 SF.; 5,075 SF currently vacant.
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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
    405 Magazine Rd Ankeny, IA 50021
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