2010 Delaware Ave Ankeny, IA 50021-3918
Delaware Centre I & II presents a compelling investment opportunity in Ankeny, Iowa. This Class B retail strip center and restaurant space, totaling 133,079 square feet, is situated on a 13.02-acre lot at 2010 SE Delaware Ave, Ankeny, IA 50021 (NEC Lorenz & Delaware Ave). Built in 2000 and renovated in 2020, the single-story building offers multiple tenancy options with a minimum divisible space of 2,702 square feet and a maximum contiguous space of 3,528 square feet. Currently, 10,047 square feet are vacant, presenting a significant opportunity for expansion or new tenants. The property boasts 560 parking spaces and benefits from its prime location within a thriving regional retail corridor, boasting over 2 million square feet of retail space within a one-mile radius. This high-visibility location on Delaware Avenue sees 32,000 vehicles daily, with convenient access from I-35. The center is anchored by national tenants such as TJ Maxx and Party City, ensuring a strong tenant mix and high foot traffic. The property is zoned C-2 and located in Polk County. This is an exceptional opportunity to acquire a well-maintained, strategically located retail property in a rapidly growing market.
-
Delaware Centre II Shopping Center & Mall
-
T.J. Maxx Clothing Store Children'S Clothing Store
-
Supercuts Ankeny Delaware Hair Salon Nail Salon
-
Tacos & Tequila La Cava Mexican Gastrobar Restaurant
-
The Other Place Ankeny Restaurant
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.
