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Property profile & analytics
FOR LEASE
Investment properties

1615 SW Main St Ankeny, IA 50023

39,364 SF 0.68 ac lot Built 2017
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2279319
Property summary
AI-generated overview

This exceptional 1,787 square foot retail storefront is located within The District at Prairie Trail, a vibrant 1,031-acre new urbanism community in Ankeny, Iowa. Situated at 1615 SW Main Street #106, this space is part of a larger 32,617 square foot retail and restaurant development in Polk County. The District at Prairie Trail boasts a diverse mix of businesses, including hotels (Marriott Residence Inn, Tru by Hilton, Home 2 Suites), entertainment venues (B&B Theaters, B-Roll Bowling), fitness centers (Legacy Fitness, Pure Barre, Club Pilates, Campus Cycle), salons and spas (Spavia, Dolce Vita Salon Suites, the Elements by K. Sorbe), and a wide array of retail boutiques and restaurants. This thriving community also features over 200 acres of parks, trails, and green spaces, creating a highly desirable location for businesses and residents alike. The property's strategic location within this master-planned community ensures high visibility and foot traffic, making it an ideal opportunity for a variety of retail concepts. The space is currently vacant and ready for immediate occupancy. This is a unique chance to establish a presence in one of Ankeny's fastest-growing and most sought-after areas. The zip code is 50023.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2017
Construction STEEL FRAME
Total area 39,364 SF
Lot 0.68 ac (29,596 SF)
APN 181/18475-123-004
UPID US25-2279319
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • New York Life Insurance Insurance Agency
  • Innovators Academy High School Vocational School
  • Jenni Fulton, Licensed Agent with New York Life Insurance Agency
  • Purple Poppy Boutique - Ankeny Clothing & Fashion Store
  • Work Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.00M
Comparable Approach Comparable
$7.34M
Blend (final) Blend
$6.64M
Owner & transaction history
Bad Friend LLC · 7 yrs held
Bad Friend LLC
since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.8M +19.2%
Auto repair, garage $6.1M +7.5%
Medical building $5.9M +4.5%
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More about this property
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