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505-509 E 1st St 32 Unit Apartment Building $4,400,000 ($137,500/Unit) Huxley, IA 50124
Investment Highlights
- Access to US Highway 69 and Interstate 35 connectivity
- Positioned within the Ames and Des Moines regional orbit
- Visibility along a primary local commercial corridor
- Central Huxley location serving established neighborhoods
Executive Summary
Positioned along East 1st Street, this commercial property offers a compelling opportunity to acquire a well-located asset in the heart of Huxley, a growing community within the Ames metropolitan influence. The address benefits from proximity to local residential neighborhoods, community services, and established small businesses that support consistent daily traffic and long-term local demand. Huxley’s location between Des Moines and Ames continues to attract population growth tied to employment centers, education, and regional logistics.
The property’s frontage along a primary east-west corridor enhances visibility and accessibility for a range of commercial uses, from neighborhood-serving retail and service concepts to owner-user or small investor strategies. The surrounding area reflects a stable mix of residential density and community-oriented commerce, creating an environment well suited for businesses that value convenience, repeat visitation, and local brand recognition.
The property’s frontage along a primary east-west corridor enhances visibility and accessibility for a range of commercial uses, from neighborhood-serving retail and service concepts to owner-user or small investor strategies. The surrounding area reflects a stable mix of residential density and community-oriented commerce, creating an environment well suited for businesses that value convenience, repeat visitation, and local brand recognition.
Property Facts
| Price | $4,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.03 AC |
| No. Units | 32 | Building Size | 44,428 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2020 |
| Zoning | Residential | ||
| Price | $4,400,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.03 AC |
| Building Size | 44,428 SF |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 32 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $412,600 | |
| Land Assessment | $50,000 | Total Assessment | $462,600 |
Property Taxes
Parcel Numbers
Land Assessment
$50,000
Improvements Assessment
$412,600
Total Assessment
$462,600
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Mayfield Apartments
505-509 E 1st St
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