225 1St St Ankeny, IA 50021
- Day care centers
- 7,656 SF
- 0.71 lot acres
Current Use by Public Records
- Cadence Academy Preschool / Kindergarten / Preschool
Property Details for 225 1St St
- Year built
- 1989
- Construction
- FRAME
- Lot size
- 0.71 lot acres
- Property size
- 7,656 SF
- Zone code
- C-1
- Property type
- Day care centers
- APN
- 181/00529-104-000
- APU
- 18100529104000
Description
This exceptional investment opportunity presents a single-story, 7,656 square foot daycare facility in Ankeny, Iowa, built in 1989. Currently operating at 100% occupancy, the property is leased to Cadence Academy Preschool, a nationally recognized operator with a presence in 30 states. The facility has a long operational history at this location, having served as an early childhood education center for over 11 years, with Cadence Education taking over in 2016. The property boasts a favorable Net Net (NN) lease structure, with minimal landlord responsibilities limited to roof, structure, and parking. Annual rent increases of two percent are built into the lease. Located at 225 E 1st St, Ankeny, IA 50021, the property benefits from a high-traffic location near the intersection of Ankeny Blvd and E 1st Street, boasting significant daily vehicle traffic. Its proximity to the John Deere factory further enhances its appeal. The property is zoned C1 and features one building. The asking price is $1,095,000, translating to $143.03 per square foot. This presents a strong, recession-resistant investment in a necessity-based tenant within a robust daytime workforce market, offering potentially higher returns than comparable coastal properties. The APN is 802424103004.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ankeny
- County
- Polk
- State
- Iowa
- Longitude
- -93.5969
- Latitude
- 41.7313
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
