7040 14Th St Ankeny, IA 50023

Property Details for 7040 14Th St

Year built

2019

Construction

FRAME

Lot size

1.44 lot acres

Property size

13,800 SF

Property type

Investment properties

Property subtype

Live-work space

APN

180/00749-001-003

APU

18000749001003

Description

This exceptional mixed-use investment opportunity in Ankeny, Iowa, presents a compelling blend of retail, office, and multifamily components. The property, situated on a 1.48-acre lot at 7040 NE 14th St, boasts a total of 6,358 square feet across three buildings, constructed in 2019. The zoning is GC, allowing for diverse uses. The building features three street-level retail or office spaces, complemented by six apartments on the second level. Additionally, there are two 3,300 square foot flex buildings offering versatile space. The property enjoys excellent access to NE 14th St and 70th Ave, strategically located between Des Moines and Ankeny. Currently, the occupancy rate stands at 68%, with a capitalization rate of 6.50%. The asking price is $3,417,227, translating to a price per square foot of $537.47. The property's multi-tenant structure provides a diversified income stream, making it an attractive investment for those seeking a strong return. The two-story buildings offer a mix of uses, catering to a variety of tenants. The property's location offers convenient access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-positioned, mixed-use property with significant upside potential. The Polk County APN is 180-00749001003. This property is a turnkey investment ready for immediate income generation.

Location Insight

City

Ankeny

County

Polk

State

Iowa

Longitude

-93.6014

Latitude

41.689

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments