1st St, Ankeny, IA 50021
This exceptional 5.74-acre development site presents a unique investment opportunity in Ankeny, Iowa. Strategically located in the northeast quadrant of the East 1st Street interchange on I-35, this triangular parcel boasts approximately 1,175 feet of frontage along the I-35 on-ramp, ensuring high visibility and accessibility. The property's advantageous position offers significant exposure to the substantial traffic volume on I-35. Its proximity to Ankeny's Heritage Park adds to its appeal, providing a desirable amenity for potential developments. While currently heavily wooded and designated as Forest Reserve and R-1, this site offers considerable potential for a variety of commercial or residential projects. The asking price for this remarkable property is $1,249,560. The property's address is E 1st Street and I-35, Ankeny, IA 50021, situated within Polk County. This is a rare opportunity to acquire a large, well-located parcel in a thriving Iowa community. The site's size and location make it ideal for a range of development possibilities, capitalizing on the high traffic counts and excellent visibility afforded by its I-35 frontage.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.