12695 University Ave, Clive, IA 50325-8205
- Strip malls
- 10,693 SF
- 2.65 lot acres
Current Use by Public Records
- Strip malls
Property Details for 12695 University Ave
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 2.65 lot acres
- Zone code
- C-4
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 291/00065-487-011
- APU
- 29100065487011
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 10, 2021 | — | Mdm Equity 2010 LLC | — | Deed · related | $4.9M · Community Central Bank |
| Apr 27, 2021 | — | Mdm Equity 2010 LLC | — | Deed · related | $710k · Community Business Lenders Services Comp |
| Sep 30, 2016 | $6,300,000 | Mdm Equity-2010 LLC | Ryan Fund V LLC | Grant Deed | $4.7M · Community Busn Lndr Svc |
| Mar 15, 2006 | — | Ryan Companies Us INC | — | Trustees Deed · related | $4.3M · Bankers Trust Co |
| — | — | Ryan Fund V LLC | — | Deed Of Trust · related | $13.9M · American Equity Inv Life Ins |
| — | — | Ryan Fund V LLC | — | Deed Of Trust · related | $4M · American Equity Inv Life Ins |
Description
Exceptional opportunity to acquire a thriving, established restaurant in Clive, Iowa. This 3,461 square foot, single-story business, built in 2005, is situated in a desirable, high-end neighborhood within a prestigious strip center, ensuring consistent high-traffic flow. The asking price is $500,000. The property features a modern and inviting interior with ample seating, a fully equipped, state-of-the-art kitchen, and a custom-built wood-fired oven. Additional amenities include a walk-in beer cooler and abundant parking for patrons. The property is zoned C-4, reflecting its suitability for commercial use. This turnkey operation presents a rare chance to own a successful restaurant in a sought-after location, offering immediate revenue potential and significant upside. The business benefits from its established customer base and prime location, making it an attractive investment opportunity for experienced restaurateurs or those seeking a profitable venture in a thriving market. This is a fully operational business ready for a new owner to step in and continue its success.
Value Estimations
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,055,000 Current use
- RESTAURANT
- $1,840,000 Change: +75% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,660,000 Change: +58% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,620,000 Change: +54% Conversion: Difficult
- MEDICAL BUILDING
- $1,615,000 Change: +53% Conversion: Difficult
- RETAIL STORES
- $1,245,000 Change: +18% Conversion: Easy
- WAREHOUSE, STORAGE
- $910,000 Change: -13% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $890,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Clive
- County
- Polk
- State
- Iowa
- Longitude
- -93.7923
- Latitude
- 41.6012
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
