225 1St StAnkeny, IA 50021

Property Details for 225 1St St

Year built

1989

Construction

FRAME

Lot size

0.71 AC

Property size (Sq ft)

7,656 SF

Zone code

C-1

Property type

Day care centers & nurseries

APN

181/00529-104-000

APU

18100529104000

Description

This exceptional investment opportunity presents a single-story, 7,656 square foot daycare facility in Ankeny, Iowa, built in 1989. Currently operating at 100% occupancy, the property is leased to Cadence Academy Preschool, a nationally recognized operator with a presence in 30 states. The facility has a long operational history at this location, having served as an early childhood education center for over 11 years, with Cadence Education taking over in 2016. The property boasts a favorable Net Net (NN) lease structure, with minimal landlord responsibilities limited to roof, structure, and parking. Annual rent increases of two percent are built into the lease. Located at 225 E 1st St, Ankeny, IA 50021, the property benefits from a high-traffic location near the intersection of Ankeny Blvd and E 1st Street, boasting significant daily vehicle traffic. Its proximity to the John Deere factory further enhances its appeal. The property is zoned C1 and features one building. The asking price is $1,095,000, translating to $143.03 per square foot. This presents a strong, recession-resistant investment in a necessity-based tenant within a robust daytime workforce market, offering potentially higher returns than comparable coastal properties. The APN is 802424103004.

• CAP approach

  CAP return

  Valuation

  6%

  $1,304,793

  6.5%

  $1,204,424

  7%

  $1,118,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $449,377

  Geo Method

  $449,377

• Alternative Use

  Use

  Valuation

  Residential

  $1,527,863

  Hospitality

  $1,399,514

  Educational

  $1,164,379

  Medical

  $1,204,424

  Retail

  $1,811,257

Location Insight

City

Ankeny

County

Polk

State

Iowa

Latitude

41.7313

Longitude

-93.5969

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].