36th St. & Irvinedale Dr, Ankeny, IA 50023
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.