1325 SW Oralabor Rd Ankeny, IA 50023
For Lease
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This exceptional 1,818 square foot retail space is available for lease within the Shops at Tradition I, a single-story, freestanding building located in Ankeny, Polk County, Iowa. Built in 2013, the property boasts a total of 15,910 square feet situated on a 2.85-acre lot (124,146 square feet). The space, Suite #216, is ideally suited for a salon or similar business, featuring existing plumbing for shampoo bowls and pedicure stations, a central vacuum system, and an 80-gallon water heater. The lease rate is $19.50 per square foot, NNN. This high-visibility location on Oralabor Road benefits from significant traffic volume and enjoys excellent co-tenancy with established businesses including The Chicken Coop, ABC Smoke, H&R Block, Ben's Burgers, Textbook Outlet, and 360 Med Spa. Its proximity to DMACC and Prairie Trail further enhances its desirability. The property is zoned Pud. This is a rare opportunity to secure a well-appointed retail space in a thriving Ankeny submarket. The building has no elevators.
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Bodywork with Tiffany Alternative Medicine Practice Spa & Massage Center
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Chicken Coop Bar & Pub Restaurant
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Textbook Outlet (Bike/Boat/Book/etc) Store
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ABC SMOKE Ankeny IA (Bike/Boat/Book/etc) Store
192.15 PUD PLANNED UNIT DEVELOPMENT DISTRICT. The purpose of this district is to promote and encourage development or redevelopment of tracts of land on a planned, unified basis by allowing greater flexibility and diversification than is normally permitted by conventional single lot development in other zoning districts because of the substantial public adva…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
PUD · Ankeny, IA192.15 PUD PLANNED UNIT DEVELOPMENT DISTRICT. The purpose of this district is to promote and encourage development or redevelopment of tracts of land on a planned, unified basis by allowing greater flexibility and diversification than is normally permitted by conventional single lot development in other zoning districts because of the substantial public advantages of planned development. Although Planned Unit Developments (PUDs) may appear to deviate in certain respects from a literal interpretation of the comprehensive plan, regulations adapted to such unified planning and development are intended both to accomplish the purposes of zoning and other applicable regulations to an equivalent or higher degree than where such regulations are designed to control unscheduled development on individual lots, and to promote economical and efficient land use through an improved level of amenities, appropriate and harmonious variety, creative design, and a better living environment. 1. Where Permitted. Planned Unit Developments shall be permitted on any two-acre or larger tract of land that has been zoned or rezoned for PUD purposes by the Council. Said PUDs may consist of residential, commercial, industrial, public, semi-public and/or conservancy land uses. 2. Procedure. A. Pre-application Conference. In order to eliminate unnecessary expenditures of time and money, the developer shall first schedule a pre-application conference with the Department Director, who shall involve representatives of other departments as deemed appropriate. The Department Director may require submittal of a generalized sketch plan providing such information as follows: (1) Location and size of the overall site, and of the individual types of development or uses proposed within the site. (2) Existing topography, indicating major earthwork areas, storm water runoff and detention considerations, flood plains, and any problem areas. (3) Existing tree masses, geological and environmentally important characteristics. (4) Generalized vehicular and pedestrian systems and parking areas. (5) Generalized building locations. (6) Approximate gross density, and number and types of dwelling units in accordance with the comprehensive plan; approximate gross floor areas of commercial and industrial land use. (7) Generalized utility line considerations with sanitary sewer capacity limitations so noted. (8) Generalized public and private ownership boundaries, including common ownership areas, if any.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.