505-509 E 1st St - Apartments FOR SALE


Huxley, IA 50124
$4,400,000 USD
515-290-1104
505-509 E 1st St, Huxley, IA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

505-509 E 1st St
Huxley, IA 50124


HIGHLIGHTS

  • Access to US Highway 69 and Interstate 35 connectivity
  • Visibility along a primary local commercial corridor
  • Positioned within the Ames and Des Moines regional orbit
  • Central Huxley location serving established neighborhoods

OVERVIEW

Positioned along East 1st Street, this commercial property offers a compelling opportunity to acquire a well-located asset in the heart of Huxley, a growing community within the Ames metropolitan influence. The address benefits from proximity to local residential neighborhoods, community services, and established small businesses that support consistent daily traffic and long-term local demand. Huxley’s location between Des Moines and Ames continues to attract population growth tied to employment centers, education, and regional logistics. The property’s frontage along a primary east-west corridor enhances visibility and accessibility for a range of commercial uses, from neighborhood-serving retail and service concepts to owner-user or small investor strategies. The surrounding area reflects a stable mix of residential density and community-oriented commerce, creating an environment well suited for businesses that value convenience, repeat visitation, and local brand recognition.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

32

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

132,158 SF

ZONING

Residential

APN/PARCEL ID

13-24-356-500,13-24-356-540,13-24-356-580,13-24-356-620

ASK ABOUT THIS PROPERTY

Todd PetersenMayfield ApartmentsMore Info
515-290-1104

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Todd PetersenMayfield ApartmentsMore Info
515-290-1104

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