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

1805 Delaware Ave Ankeny, IA 50021-4039

15,670 SF 1.46 ac lot Built 2005
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US25-2579039
Property summary
AI-generated overview

This 2,093 square foot retail space, currently configured as a salon, is available for sublease in Ankeny, Iowa. Situated on Delaware Avenue, this single-tenant property boasts a prime location near high-traffic retailers such as Target, Starbucks, and TJ Maxx, ensuring excellent visibility and foot traffic. The building features central heating and cooling, high ceilings with ample ventilation, and abundant natural lighting, creating a comfortable and inviting atmosphere. The space includes a convenient breakroom, a dispense room, and a private single restroom. Accessibility is ensured with wheelchair-accessible features throughout. The property sits on a 1.46-acre lot and is a single-story building. The zoning designation is C-2, offering flexibility for a variety of retail uses. The Polk County Assessor's Parcel Number (APN) is 181-00495007013. This exceptional location presents a unique opportunity for businesses seeking high visibility and convenient access to a thriving retail corridor. The existing salon layout offers a solid foundation for a variety of retail concepts.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction STEEL FRAME
Total area 15,670 SF
Lot 1.46 ac (63,554 SF)
Zoning code C-2
APN 181/00495-007-013
UPID US25-2579039
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
  • Men's Wearhouse Clothing & Fashion Store
  • UScellular Mobile Phone Store Electronics & Wireless Store
  • Grand Pointe Clothing & Fashion Store
  • National Vision Ophthalmologist (Bike/Boat/Book/etc) Store
  • L&G Cabinetry Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.44M
Owner & transaction history
Metro North Of Ankeny Center LLC · 19 yrs held
Metro North Of Ankeny Center LLC
since 2007
7 recorded transactions
2017
Price N/A
2007
$5.1M
2007
$636,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
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
Medical building $2.4M +53.1%
Commercial (general) $2.2M +45.4%
Retail stores $1.8M +18.3%
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