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Financial
Distress signals
Property profile

418 Ankeny Blvd Ankeny, IA 50023

OFF-MARKET
Drive through restaurants
Property ID
US25-0010479
5,424 SF 1.51 ac lot Built 1995
Last sale Aug 2026 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Restaurant space is located at 418 S Ankeny Blvd in Ankeny, Iowa. The premises include a drive-through configuration and are set up to support restaurant-style food and beverage service, including coffee service. The space has also been identified as suitable for potential alternative use as a financial institution, such as a bank branch conversion.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$31k
Tax billed · 2020
Assessed value · 2023$1.20M
Assessed land$466k
Assessed improvement$734k
Effective rate2.59%

Value estimate

· Oct 2026
$645k
$581k – $710k
Submarket $/SF estimate$612k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$172/SF
County average, outlier-cleaned · 98 recorded sales of this use type
Observed band · Q1–Q3$90 – $264
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.3
Parking Facility11.2
Convenience Store10.8

Location

418 Ankeny Blvd Ankeny, IA 50023-3129
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2202 1st, Ankeny, IA 50023-2469 $12,000 Jul 2025 7,200 SF
175 Oralabor, Ankeny, IA 50023-9537 $2,330,000 Feb 2025 7,070 SF
2105 Ankeny, Ankeny, IA 50023 $2,710,000 Dec 2022 6,900 SF
114 9th, Ankeny, IA 50023-1759 $843,000 May 2022 3,825 SF
165 Magazine, Ankeny, IA 50023-2944 $5,630,930 Nov 2020 4,884 SF
1530 Vintage, Ankeny, IA 50023-7600 $2,225,000 Feb 2020 4,686 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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