418 S Ankeny Blvd - Restaurant FOR SALE


Ankeny, IA 50023- Outer Ankeny/Saylorville
$1,600,000 USD
515-339-9616
418 S Ankeny Blvd, Ankeny, IA for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

418 S Ankeny Blvd
Ankeny, IA 50023
Outer Ankeny/Saylorville


HIGHLIGHTS

  • Drive-thru building located along South Ankeny Boulevard with approximately 18,000 vehicles per day.
  • 2,400 SF drive-thru space available for lease starting January 2027.
  • 5,424 SF building offered for sale with abundant on-site parking.
  • Surrounded by national retailers and residential neighborhoods, ensuring strong customer traffic.
  • Area improvements and beautification projects underway to enhance visibility and accessibility.

OVERVIEW

This 5,424 SF freestanding building presents an opportunity for investors or owner-users to acquire a property in a growing commercial corridor. Located on South Ankeny Boulevard, the asset benefits from high traffic counts and strong visibility. The site includes a drive-thru component and ample parking, making it suitable for a variety of uses, including restaurant, retail, or potential bank branch conversion. The surrounding area is experiencing continued development, supported by a robust local economy and proximity to major highways. With road enhancements underway and a dense residential base nearby, this property offers long-term value and adaptability for future business needs.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,624 SF

ZONING

R-1

APN/PARCEL ID

181-00303401000

ASK ABOUT THIS PROPERTY

Ryan SiedenburgThe Siedenburg GroupMore Info
515-339-9616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ryan SiedenburgThe Siedenburg GroupMore Info
515-339-9616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.