810 E 1st St - Restaurant FOR SALE


Ankeny, IA 50021- Outer Ankeny/Saylorville
$3,800,000 USD
515-953-8834
810 E 1st St, Ankeny, IA for Sale
$3,800,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

NEW



HIGHLIGHTS

  • Multiple patios including a large rooftop activation area
  • Highly visible location along East 1st Street with strong traffic
  • Turnkey two-story restaurant with full equipment package

OVERVIEW

810 E 1st Street presents a rare opportunity to acquire a fully built, highly visible restaurant asset in the fast-growing Des Moines suburb of Ankeny. Positioned along East 1st Street, one of the city’s most heavily traveled east–west corridors, the property benefits from continuous exposure to local residents, daytime workforce populations, and regional visitors moving between key commercial destinations. The surrounding area combines established neighborhoods with rapid commercial expansion, creating strong demand drivers for both dining and entertainment concepts. The two-story structure is thoughtfully configured for efficient restaurant operations. The first floor offers a well-equipped kitchen supported by a cooler, freezer, hood system, and all major equipment included. Multiple garage doors provide indoor–outdoor flexibility, while the covered patio enhances warm-weather service capacity. The second floor adds additional dining space with restrooms, a bar, and a large rooftop patio that creates a distinctive guest experience. A passenger elevator and dumbwaiter enhance operational flow between levels. Additional infrastructure such as dual 5,000-gallon grease interceptors, 16 outdoor gas heaters, drop-down projector screens, and multiple restrooms streamline both front- and back-of-house needs. The site’s generous parking plan includes 82 on-site stalls with an additional 100 cross-parking spaces, supporting both high-volume operations and event-driven concepts. Surrounding demographics are exceptionally strong, with average household incomes exceeding 120,000 within a three-mile radius and a population base approaching 275,000 within 10 miles. These indicators support ongoing restaurant viability and long-term asset stability. For investors and owner-operators, 810 E 1st Street offers a well-situated, turnkey property with significant infrastructure value and strong long-term trade area fundamentals

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$437 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Grumpy Goat Tavern

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,832 SF

ZONING

-

APN/PARCEL ID

181-00681001002,181/00807-800-002

ASK ABOUT THIS PROPERTY

Aaron HydeJLLMore Info
515-953-8834

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

Aaron HydeJLLMore Info
515-953-8834

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