Property profile

0 36 St & I-35 Ankeny, IA 50023

OFF-MARKET
Land
10.86 ac lot
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Property summary

AI-generated overview

This exceptional 10.86-acre commercial land parcel in Ankeny, Iowa, presents a remarkable investment opportunity. Strategically located at the southeast corner of NE 36th Street and I-35, this property boasts unparalleled visibility and accessibility, with convenient access from exit 94. The site is surrounded by a thriving mix of commercial and residential developments, including the Midwest's largest Costco, placing your business within a high-traffic, high-growth area. The property is zoned for commercial use and will be shovel-ready in Q1 2025. I-35 boasts a daily traffic count of 42,830 vehicles, ensuring significant exposure for your venture. The land is divided into eight lots ranging in size from 0.95 to 5.52 acres, offering flexibility for various development plans. Land prices range from $17 to $24 per square foot, depending on the lot size and location. Ankeny's position as the 10th fastest-growing city in the US (according to the US Census Bureau) further underscores the long-term growth potential of this exceptional property. This is a rare chance to secure a prime location in one of Iowa's most dynamic and rapidly expanding cities. Don't miss this opportunity to establish your business in a high-visibility, high-traffic area with significant growth potential. The property is located in Polk County, Iowa, with a zip code of 50023.

Property profile

Verified
Property type Land
Lot 10.86 ac (473,062 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

36 St & I-35 Ankeny, IA 50023
Ankeny metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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