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2951-2957 86th St
Urbandale, IA 50322
Office Property For Sale


Investment Highlights
- Freestanding building with flexible use potential
- Dedicated daycare space with classrooms and dining
- Surrounded by retail, parks, and civic amenities
- High visibility on NW 86th Street with 21,000 VPD
- Seller leaseback offers immediate income stream
- 82 shared parking spaces support high-traffic uses
Executive Summary
Positioned in the heart of Urbandale’s active commercial corridor, 2951 86th Street presents a rare opportunity for owner-users seeking a versatile, freestanding building with built-in functionality for office, daycare, or religious use. The property spans 18,848 square feet and sits prominently between Hickman Road and Douglas Avenue, offering excellent visibility and access. With traffic counts exceeding 21,000 vehicles per day, the site benefits from strong exposure and proximity to major retail anchors including Hy-Vee, Homemakers, and Cobblestone Market.
The building features 82 shared parking spaces (4.35/1000 ratio), supporting a range of high-occupancy uses. A dedicated 5,250 SF daycare space is available, complete with classrooms, dining areas, and outdoor circulation zones. The seller is offering a leaseback of approximately 6,600 SF for 12–18 months, providing immediate income potential for buyers. This flexibility makes the asset ideal for investors or owner-occupants seeking phased occupancy.
Nearby amenities include Walker Johnson Park, Urbandale Library, and a mix of dining and shopping options, enhancing the appeal for community-serving tenants. The property’s layout supports multiple configurations, and its location within a well-established neighborhood ensures long-term stability and demand.
The building features 82 shared parking spaces (4.35/1000 ratio), supporting a range of high-occupancy uses. A dedicated 5,250 SF daycare space is available, complete with classrooms, dining areas, and outdoor circulation zones. The seller is offering a leaseback of approximately 6,600 SF for 12–18 months, providing immediate income potential for buyers. This flexibility makes the asset ideal for investors or owner-occupants seeking phased occupancy.
Nearby amenities include Walker Johnson Park, Urbandale Library, and a mix of dining and shopping options, enhancing the appeal for community-serving tenants. The property’s layout supports multiple configurations, and its location within a well-established neighborhood ensures long-term stability and demand.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
18,890 SF
Building Class
B
Year Built
1995
Price
$2,400,000
Price Per SF
$127.05
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,890 SF
Building FAR
0.19
Lot Size
2.25 AC
Zoning
C - Commercial
Parking
82 Spaces (4.34 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Reception
- Air Conditioning
Property Taxes
| Parcel Number | 312-00612625404 | Improvements Assessment | $214,000 |
| Land Assessment | $1,420,000 | Total Assessment | $1,634,000 |
Property Taxes
Parcel Number
312-00612625404
Land Assessment
$1,420,000
Improvements Assessment
$214,000
Total Assessment
$1,634,000
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