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    OFF-MARKET
    Land

    36th St. & Irvinedale Dr, Ankeny, IA 50023

    8.93 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8.934-acre commercial land parcel presents a unique investment opportunity in Ankeny, Iowa. Located at the southeast corner of 36th Street and Irvinedale Drive, this property boasts a highly desirable Neighborhood Commercial zoning designation. Its strategic position offers excellent visibility and accessibility, situated near the intersection of major thoroughfares and benefiting from close proximity to Interstate 35. A conceptual site plan indicates the potential for two full-access points, with a possible third access point, enhancing development flexibility. The land is surrounded by a thriving mix of commercial and residential developments, including single-family and multi-family housing, retail spaces, offices, and hospitality businesses, ensuring a robust and growing market. The property is suitable for ground lease, build-to-suit projects, or outright sale. The land value ranges from $10 to $12 per square foot, making it a compelling proposition for developers seeking a prime location in a rapidly expanding area. The property is located in Polk County, Iowa, zip code 50023. The potential for subdivision adds further value and development options. This is a rare opportunity to acquire a significant parcel of commercial land in a high-growth area of Ankeny.

    Property profile
    Verified
    Property type Land
    Lot 8.93 ac (389,165 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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