1325 Oralabor RdAnkeny, IA 50023

Property Details for 1325 Oralabor Rd

Year built

2013

Construction

FRAME

Lot size

2.85 AC

Property size (Sq ft)

15,910 SF

Zone code

PUD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

181/00680-700-201

APU

18100680700201

Description

This exceptional 1,818 square foot retail space is available for lease within the Shops at Tradition I, a single-story, freestanding building located in Ankeny, Polk County, Iowa. Built in 2013, the property boasts a total of 15,910 square feet situated on a 2.85-acre lot (124,146 square feet). The space, Suite #216, is ideally suited for a salon or similar business, featuring existing plumbing for shampoo bowls and pedicure stations, a central vacuum system, and an 80-gallon water heater. The lease rate is $19.50 per square foot, NNN. This high-visibility location on Oralabor Road benefits from significant traffic volume and enjoys excellent co-tenancy with established businesses including The Chicken Coop, ABC Smoke, H&R Block, Ben's Burgers, Textbook Outlet, and 360 Med Spa. Its proximity to DMACC and Prairie Trail further enhances its desirability. The property is zoned Pud. This is a rare opportunity to secure a well-appointed retail space in a thriving Ankeny submarket. The building has no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $4,077,684

  6.5%

  $3,764,016

  7%

  $3,495,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,046,357

  Geo Method

  $2,046,357

• Alternative Use

  Use

  Valuation

  Residential

  $3,175,088

  Hospitality

  $2,908,364

  Educational

  $2,419,724

  Medical

  $2,502,942

  Retail

  $3,764,016

Location Insight

City

Ankeny

County

Polk

State

Iowa

Latitude

41.7022

Longitude

-93.6178

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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