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Property profile & analytics
OFF-MARKET
Turn key restaurants

810 1st St Ankeny, IA 50021-2129

8,343 SF 1.55 ac lot Built 2017
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2440060
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Krispy Kreme Bakery Discount Store
  • Who's on 1st Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Morrison Rentals Co-op INC
Morrison Rentals Co-op INC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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