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Property profile & analytics
FOR LEASE
Strip malls

1975 N Ankeny Blvd Ankeny, IA 50023

23,343 SF 4.5 ac lot Built 2006
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0182249
Property summary
AI-generated overview

Georgetown Plaza, located at 1975 N Ankeny Blvd in Ankeny, Iowa, offers prime retail space for lease. This multi-tenant property boasts a total of 23,491 square feet situated on a generous 4.5-acre lot in Polk County. Currently, there are 5,148 square feet of vacant space available, divisible into units ranging from a minimum of 2,048 square feet to a maximum contiguous space of 3,100 square feet. The property features ample on-site parking for the convenience of tenants and their customers. The property's location in Ankeny, IA, zip code 50023, provides excellent visibility and accessibility. This is an exceptional opportunity for businesses seeking a well-maintained retail space in a thriving community. The property is classified as Commercial Retail and is ideal for a variety of retail uses. Interested parties should inquire about lease terms and availability.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction STEEL FRAME
Total area 23,343 SF
Lot 4.5 ac (195,976 SF)
Zoning code C-2
APN 181/00553-070-212
UPID US25-0182249
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
  • Rhino Tactical Defense Iowa Training Center Sports School
  • JJ’s Tavern + Grill Restaurant
  • Hawker's Kitchen Restaurant
  • Fiesta Jalapenos Ankeny Restaurant
  • Farmers Insurance - Michael Malek Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$1.86M
Owner & transaction history
Georgetown LLC · 5 yrs held
Georgetown LLC
since 2021
4 recorded transactions
2021
Price N/A
2017
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
Retail stores $2.7M +18.3%
Apartment house (5+ units) $2.3M +1.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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