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810 E 1st St
Ankeny, IA 50021
Who's on 1st · Retail Property For Sale


Investment Highlights
- Multiple patios including a large rooftop activation area
- Turnkey two-story restaurant with full equipment package
- Highly visible location along East 1st Street with strong traffic
Executive Summary
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,701 SF
Building Class
B
Year Built
2017
Price
$3,800,000
Price Per SF
$436.73
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
1.56 AC
Parking
82 Spaces (9.42 Spaces per 1,000 SF Leased)
Frontage
298’ on 1st St
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,208,000 | |
| Land Assessment | $1,932,000 | Total Assessment | $4,140,000 |
Property Taxes
Parcel Numbers
Land Assessment
$1,932,000
Improvements Assessment
$2,208,000
Total Assessment
$4,140,000
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