Property profile

0 36Th St Ankeny, IA 50023

OFF-MARKET
Land
1.38 ac lot
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Property summary

AI-generated overview

This exceptional 1.38-acre commercial land parcel presents a unique investment opportunity in Ankeny, Iowa. Strategically located at the intersection of N Ankeny Boulevard and NW 36th Street (Lot 8), this property boasts a highly desirable R-3 and C-2 zoning designation, allowing for a diverse range of commercial and residential development possibilities. The land is priced competitively, ranging from $1.38 to $26 per square foot, reflecting its significant potential for future appreciation. Situated in a rapidly expanding area of Ankeny, this site benefits from excellent visibility and convenient access to major transportation routes, including the nearby 36th Street interchange. The expansive lot size offers considerable flexibility for developers seeking to create a variety of projects, from retail spaces and multi-family dwellings to other commercial ventures. This is an exceptional opportunity to acquire a prime piece of real estate in a thriving Iowa community. The property's location within Polk County and its 50023 zip code further underscores its strategic value. Adjacent parcels ranging from 1.18 to 19.87 acres are also available, presenting opportunities for larger-scale development projects.

Property profile

Verified
Property type Land
Lot 1.38 ac (60,113 SF)

Cap rate & NOI

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

Location

36Th St Ankeny, IA 50023
Ankeny metro
Google Maps

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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