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Property profile & analytics
FOR LEASE
Strip malls

1802 SE Delaware Ave Ankeny, IA 50021

55,557 SF 5.63 ac lot Built 2000
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US25-0427802
Property summary
AI-generated overview

Delaware Centre I & II offers a unique opportunity to lease retail space in a thriving Ankeny, Iowa location. This Class B outlet center and community/specialty retail property totals 133,079 square feet and sits on a 13.02-acre lot. The single-story building, constructed in 2000 and renovated in 2020, features three suites with a minimum divisible space of 2,702 square feet and a maximum contiguous space of 4,750 square feet. Currently, 11,269 square feet is available for lease. The property is zoned C-2 and enjoys a high-traffic location in the IA - Ankeny submarket of Polk County. Situated on SE Delaware Avenue, the center benefits from exceptional visibility and accessibility, with 48,400 vehicles passing daily and convenient access to I-35. This location is part of a regional retail corridor boasting over 2 million square feet of retail space within a one-mile radius. The center is anchored by national tenants such as TJ Maxx and Party City, ensuring a strong tenant mix and high foot traffic. This presents an excellent opportunity for businesses seeking high-visibility retail space in a dynamic and growing market. The property's address is 1802 - 2010 SE Delaware Ave, Ankeny, IA 50021.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Construction STEEL FRAME
Total area 55,557 SF
Lot 5.63 ac (245,330 SF)
Zoning code C-2
APN 181/00229-389-001
UPID US25-0427802
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
  • Christopher & Banks Department Store
  • Skeffington's Formal Wear - Ankeny (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Lee Burns, Iowa Realty Real Estate Agency
  • Envision Salon Spa Hair Salon
  • Iowa Realty: Allen Peggy Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.45M
Blend (final) Blend
$4.28M
Owner & transaction history
Dle Seven LLC · 22 yrs held
Dle Seven LLC
since 2004
2 recorded transactions
2021
Price N/A
2004
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
Retail stores $6.5M +18.3%
Apartment house (5+ units) $6.3M +15.1%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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