306 Ankeny BlvdAnkeny, IA 50023

Property Details for 306 Ankeny Blvd

Year built

1979

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

4,272 SF

Zone code

C-2

Property type

Investment properties

Property subtype

Live-work space

APN

181/00525-000-000

APU

18100525000000

Description

This exceptional commercial property, located at 306 S Ankeny Blvd in Ankeny, Iowa, presents a unique opportunity for businesses seeking a prominent location. The 4,272 square foot building, constructed in 1979, is a two-story, single-tenant space currently entirely vacant. The property boasts a convenient location off S Ankeny Blvd, placing businesses in the heart of Ankeny's bustling commercial district. Its C-2 zoning, designated for General Retail & Highway Oriented Commercial Business District use, offers versatility for a range of businesses. The building's layout includes a reception/showroom area, seven private offices, and three bathrooms, providing ample space for various operational needs. The split-level, walk-up design offers efficient use of space. With a high daily traffic count of approximately 18,400 vehicles passing by, this property offers excellent visibility and accessibility for attracting and retaining customers. The property is situated in Polk County, Iowa, with a zip code of 50023. This is an ideal opportunity to establish or expand a business in a thriving Ankeny location.

• CAP approach

  CAP return

  Valuation

  6%

  $744,824

  6.5%

  $687,530

  7%

  $638,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $218,043

  Geo Method

  $218,043

• Alternative Use

  Use

  Valuation

  Residential

  $852,537

  Hospitality

  $780,920

  Educational

  $649,716

  Medical

  $672,061

  Retail

  $1,010,669

Location Insight

City

Ankeny

County

Polk

State

Iowa

Latitude

41.7291

Longitude

-93.6008

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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