218 Northwest State St Ankeny, IA 50023
For Sale
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A. Any uses permitted in the R-3 District, provided that any new residential uses shall be located only in mixed use buildings that also contain, usually on the first floor, other allowable commercial or office uses. (Ord. 2054 - Apr. 21 Supp.) B. Retail businesses or service establishments, such as the following: (1) Antique shops, (2) Apparel shops, (3) Ar…
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
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Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Ankeny, IAA. Any uses permitted in the R-3 District, provided that any new residential uses shall be located only in mixed use buildings that also contain, usually on the first floor, other allowable commercial or office uses. (Ord. 2054 - Apr. 21 Supp.) B. Retail businesses or service establishments, such as the following: (1) Antique shops, (2) Apparel shops, (3) Art shops, (4) Automotive stores for the retail sale of automotive parts, supplies and accessories; provided, that all merchandise sold or services performed shall be within an enclosed building or structure, and specifically excluding body and fender shops, automotive repair shops, and junk shops or junkyards, (5) Baby and children stores, (6) Bakeries or bakery outlets - retail sales only, (7) Banks, savings and loan associations, and similar financial institutions, (8) Bicycle shops, sales and repairs; (9) Bookstores, (10) Camera stores, (11) Clothes cleaning and laundry pickup stations, (12) Collection offices of public utility companies, (13) Confectionery stores, including ice cream or snack bars, (14) Dairy stores - retail only, (15) Dance studios and physical culture establishments, (16) Delicatessens, (17) Drugstores, (18) Dry goods stores, (19) Florist shops and greenhouses, (20) Funeral homes and mortuaries, (21) Furniture stores, (22) Gas stations, including minor automobile repairs as accessory but not principal use, (23) Gift shops, (24) Grocery stores including supermarkets, (25) Hardware stores, (26) Hobby shops, (27) Household appliances sales and repair, (28) Jewelry stores and watch repair shops, (29) Key shops, (30) Launderettes, coin-operated dry-cleaning establishments, and dry-cleaning or pressing establishments using only nonflammable solvents, (31) Locker plants for storage and retail sales only, (32) Leather goods stores, (33) Music stores, (34) Music studios, (35) Paint and wallpaper stores, (36) Photographic studios, (37) Post office substations, (38) Radio and television sales and repair shops, (39) Restaurants, (40) Shoe and hat repair shops, (41) Sporting goods stores, (42) Tailor and dressmaking shops, (43) Theaters, (44) Toy stores, (45) Variety stores, (46) Bowling alleys, (47) Taverns and lounges, provided that such establishments are not located within 300 feet from a church, school or R-1 zoning district; and provided further, that the tavern or lounge is housed in a building or shopping center which is occupied by other retail businesses or service establishments. (48) Preschool and child day care centers, subject to the following provisions: a.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.