1690 Delaware Ave Ankeny, IA 50021-4694
This exceptional retail opportunity is located at 1690 SE Delaware Ave in Ankeny, Iowa, within the Delaware Square complex. The property boasts a total of 16,598 square feet across a single, one-story building constructed in 2008. Currently, 1,227 square feet of retail space is available for lease, ideal for a variety of businesses. The property sits on a generous 3.14-acre lot and offers ample parking with 120 spaces available for customers and employees. The building is zoned C-2, allowing for a range of commercial uses. The property's location in the IA - Ankeny submarket of Polk County provides excellent access to a thriving community. The property features no elevators. The parcel number is 181-00161001017. This is a multi-tenant building offering a strong opportunity for a business seeking a visible and accessible location in a growing area. The address is easily accessible and benefits from high visibility. This space presents a unique chance to establish or expand a business in a desirable Ankeny location. The zip code is 50021.
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192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommod…
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Ankeny, IA192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommodate both the general retail consumer and the needs and services of the automobile-traveling consumer. 1. Principal Permitted Uses. Only the following uses of structures or land shall be permitted in the C-2 District: A. Any use permitted in the C-1 District. B. Retail, service or recreational uses, such as the following: (1) Animal hospitals, veterinary clinics or kennels, provided that any exercising runway is at least 200 feet from any R District boundary. (2) Automobile accessory stores. (3) Automobile, trailer, motorcycle, boat and farm implement establishments for display, hire, rental and sales (including sales lots); including, as incidental to these major uses, all repair work in connection with their own or customers’ vehicles, but not including uses in which the major source of revenue is from body and fender work. In addition, this paragraph shall not be construed to include automobile, tractor or machinery wrecking and rebuilding, and used parts yards. (4) Ballrooms and dancehalls. (5) Billiard parlors and pool halls. (6) Bookbinding. (7) Bowling alleys. (8) Business or secretarial schools or colleges, commercial trade schools, or other commercially operated schools for adults. (9) Carpenter and cabinet-making shops for retail custom work. (10) Commercial baseball fields, swimming pools, skating rinks, golf driving ranges, miniature golf courses, trampoline centers and similar recreational uses and facilities. (11) Department stores. (12) Drive-in restaurants. (13) Exterminator sales. (14) Drive-in theaters. (15) Printing and publishing houses. (16) Hotels, with no minimum density requirements. (17) Transportation passenger terminals, including bus stations, railroad passenger stations or other passenger terminals. (18) Laundries. (19) Labor union offices, including assembly halls. (20) Lawn mower repair shops. (21) Lumberyards, retail only. (22) Monument sales yards. (23) Motels, motor hotels, and tourist courts with no minimum density requirements. (24) Office buildings. (25) Packaged-goods stores for the sale of alcoholic beverages. (26) Pet shops, including aquariums. (27) Photographic printing or developing establishments. (28) Plumbing and heating shops.
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.