8801 University AveClive, IA 50325

Property Details for 8801 University Ave

Year built

1989

Construction

STEEL FRAME

Lot size

1.20 AC

Property size (Sq ft)

9,324 SF

Zone code

TC-4

Property type

Retail properties

Property subtype

Retail space

APN

291/00772-003-000

APU

29100772003000

Description

University Park, located at 8801 University Avenue in Clive, Iowa (zip code 50325), offers a prime retail opportunity within a thriving power center. This single-story, multi-tenant property comprises three buildings totaling 28,524 square feet, with a flexible space offering ranging from 1,506 to 22,500 contiguous square feet. Currently, 22,500 square feet is available for lease. The minimum divisible space is 2,783 square feet, allowing for adaptability to various business needs. The property is zoned TC-4 and benefits from its location along the University Avenue Corridor in the Clive/West Des Moines area. The center enjoys strong co-tenancy with established businesses such as Many Hands Thrift, Monterrey Mexican Restaurant, Burn Boot Camp, and SAS Shoes, creating a vibrant and attractive retail environment. This presents a unique chance to establish or expand a business within a well-positioned and successful retail center. The property's convenient location and strong tenant mix offer significant potential for growth and profitability. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,389,722

  6.5%

  $2,205,897

  7%

  $2,048,333

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,199,260

  Geo Method

  $1,199,260

• Alternative Use

  Use

  Valuation

  Residential

  $1,860,756

  Hospitality

  $1,704,443

  Educational

  $1,418,076

  Medical

  $1,466,846

  Retail

  $2,205,897

Location Insight

City

Clive

County

Polk

State

Iowa

Latitude

41.6008

Longitude

-93.7404

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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