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Property profile & analytics
OFF-MARKET Estimated value $1,435,000
Strip malls

1690 Delaware Ave Ankeny, IA 50021-4694

16,598 SF 3.13 ac lot Built 2008
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0427863
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Construction STEEL FRAME
Total area 16,598 SF
Lot 3.13 ac (136,473 SF)
Zoning code C-2
APN 181/00161-001-017
UPID US25-0427863
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
  • Me N Mommy to Be Discount Store (Bike/Boat/Book/etc) Store
  • ButterSweet Custom Bakery Bakery Specialty Food Shop
  • Edward Jones - Financial Advisor: Patrick V Domann Financial Advisor
  • Sylvan Learning of Ankeny Tutoring Service
  • Buffalo Wild Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.44M
Owner & transaction history
Woodside Business Park LLC · 18 yrs held
Woodside Business Park LLC
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name General Retail Highway Oriented And Central Business Commercial
General category COMMERCIAL
Zone area 1,447.00 ac
Top alternative use upside
Commercial (general) $2.4M +45.4%
Retail stores $1.9M +18.3%
Apartment house (5+ units) $1.9M +15.1%
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