801 E 1st St 8,071 SF Retail Building Ankeny, IA 50021 $3,800,000 ($470.82/SF)

810 E 1st Street presents a rare opportunity to acquire a fully built, highly visible restaurant asset in the fast-growing Des Moines suburb of Ankeny. Positioned along East 1st Street, one of the city’s most heavily traveled east–west corridors, the property benefits from continuous exposure to local residents, daytime workforce populations, and regional visitors moving between key commercial destinations. The surrounding area combines established neighborhoods with rapid commercial expansion, creating strong demand drivers for both dining and entertainment concepts.
The two-story structure is thoughtfully configured for efficient restaurant operations. The first floor offers a well-equipped kitchen supported by a cooler, freezer, hood system, and all major equipment included. Multiple garage doors provide indoor–outdoor flexibility, while the covered patio enhances warm-weather service capacity. The second floor adds additional dining space with restrooms, a bar, and a large rooftop patio that creates a distinctive guest experience. A passenger elevator and dumbwaiter enhance operational flow between levels. Additional infrastructure such as dual 5,000-gallon grease interceptors, 16 outdoor gas heaters, drop-down projector screens, and multiple restrooms streamline both front- and back-of-house needs.
The site’s generous parking plan includes 82 on-site stalls with an additional 100 cross-parking spaces, supporting both high-volume operations and event-driven concepts. Surrounding demographics are exceptionally strong, with average household incomes exceeding 120,000 within a three-mile radius and a population base approaching 275,000 within 10 miles. These indicators support ongoing restaurant viability and long-term asset stability.
For investors and owner-operators, 810 E 1st Street offers a well-situated, turnkey property with significant infrastructure value and strong long-term trade area fundamentals