Technical
Financial
Distress signals
Property profile

810 1st St Ankeny, IA 50021

OFF-MARKET
Turn key restaurants
Property ID
US25-2440060
8,343 SF 1.55 ac lot Built 2017
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This thriving bar and grill, located at 810 E 1st St in Ankeny, Iowa (zip code 50021), presents a fantastic turnkey business opportunity. Situated in Polk County, this establishment enjoys exceptional visibility and ample parking, making it easily accessible to customers. Its prime location is right off a major Ankeny exit, ensuring high traffic and exposure. The sale includes the majority of the necessary equipment, minimizing the initial investment required for a new owner. This well-established business boasts a proven track record of success, offering a ready-made platform for continued growth and profitability. The property's address is easily verifiable through standard mapping services using the provided latitude (41.7322698) and longitude (-93.5854024) coordinates. This is a rare chance to acquire a profitable, established business in a desirable location with minimal start-up costs. The business is categorized as a "Business Only" sale, meaning the real estate itself is not included in this offering. Serious inquiries are encouraged to explore this exciting opportunity further. The business is currently operating as a bar and grill, and the sale includes a significant portion of the existing equipment. This turnkey operation is ready for a new owner to step in and continue its success. The convenient location and high visibility make this a truly exceptional investment.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2017
Construction STEEL FRAME
Total area 8,343 SF
Lot 1.55 ac (67,387 SF)
APN 181/00807-800-002
UPID US25-2440060

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Discount Store
  • Bar & Pub Restaurant

Location

810 1st St Ankeny, IA 50021-2129
Ankeny metro Census 10209 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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