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Building #1 3821 - 3855 121st St 22,463 SF 38% Leased 4-Star Retail Building Urbandale, IA 50323 $2,599,000 ($115.70/SF)

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INVESTMENT HIGHLIGHTS

  • The property includes a grease interceptor in place, suitable for restaurant operations.
  • Class B property features a gym and offers excellent location advantages, with retail space currently available.
  • The property is conveniently located right off the interstate and near the rapidly growing cities of Urbandale and Grimes.
  • The property is situated adjacent to Kum & Go and Pilot, enhancing its visibility and accessibility.

EXECUTIVE SUMMARY

This retail space is located right off the interstate and near the cities of Urbandale and Grimes. The property, managed by Knapp Properties, includes 22,463 square feet of space and sits on approximately 2.9 acres. It features ample parking and is adjacent to Kum & Go and Pilot. The site includes a grease interceptor, suitable for restaurant use. The property is also close to a school and part of a retail center. It is available immediately for $2,800,000.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,463 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$2,599,000
Price Per SF
$115.70
Percent Leased
38%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.90 AC
Zoning
PUD - Commercial
Parking
200 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
439’ on 121st St

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 3825
  • 7,000 SF
  • Restaurant
  • End Cap
  • Now

Second-generation restaurant space.

  • 3843
  • 1,400-7,000 SF
  • Retail
  • In-Line
  • Now

Existing fitness buildout.

Space Size Space Use Position Available
3825 7,000 SF Restaurant End Cap Now
3843 1,400-7,000 SF Retail In-Line Now

3825

Size
7,000 SF
Space Use
Restaurant
Position
End Cap
Available
Now

3843

Size
1,400-7,000 SF
Space Use
Retail
Position
In-Line
Available
Now

3825

Size 7,000 SF
Space Use Restaurant
Position End Cap
Available Now

Second-generation restaurant space.

3843

Size 1,400-7,000 SF
Space Use Retail
Position In-Line
Available Now

Existing fitness buildout.

NEARBY MAJOR RETAILERS

Starbucks
Hy-Vee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
312-03207500001
Land Assessment
$1,000,000
Improvements Assessment
$1,410,000
Total Assessment
$2,410,000
  • Listing ID: 32030704

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 3821 - 3855 121st St, Urbandale, IA 50323

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