NOTABLE TRANSACTIONS: Property sold in Ankeny that includes Hobby Lobby retail store

Kathy A. Bolten Jul 16, 2025 | 6:00 am
1 min read time
293 wordsAll Latest News, Real Estate and DevelopmentExchangeRight Net Leased All Cash 15 DST, located in Johnston, paid Parlay Ankeny LLC $9.78 million for property at 5075 S.E. Delaware Ave. in Ankeny, Polk County real estate records show. The 6.4-acre parcel includes a 53,960-square-foot retail building occupied by Hobby Lobby. The building was constructed in 2023. The property is valued at $9.2 million. The transaction was recorded July 9.
Birch Apartment LLC, located in Council Bluffs, paid Vareco 3120 Douglas LLC and Vareco 3120 Douglas TIC LLC $6.1 million for property at 3120 Douglas Ave. in Des Moines, records show. The 3.3-acre parcel includes the Douglas Terrace Apartment complex with 74 units. The property is valued at $3.89 million. The transaction was recorded July 7.
Monarch Poured Walls Inc. paid Collins Community Credit Union just over $1 million for five residential parcels in Ankeny’s Prairie Trail development, records show. Four of the parcels include partially complete single-family houses. The transaction was recorded July 7.
Benjamin and Debra Byers paid Case and Debra Johnson $1.39 million for property at 4413 N.E. 45th Court in Ankeny, records show. The property includes a 2,688-square-foot house built in 2018. The transaction was recorded July 8.
Knolls LC, located in West Des Moines, paid Boji Holdings LLC $1.2 million for residential properties at 1708, 1712 and 1716 N.W. Sunset Lane in Grimes, records show. The transaction was recorded July 9.
Hawkeye State Realty Group LLC, located in Waukee, paid Threshold Development LLC just over $2 million for property at 3612 N.E. Threshold Drive in Ankeny, records show. The 5.1-acre parcel, located south of Costco, is undeveloped. The transaction was recorded July 10.
DMF Properties LLC, located in Johnston, paid Grandview Gardens LLC $2 million for property at 1330 Wayne St. in Des Moines, records show. The transaction was recorded July 10.

Kathy A. Bolten
Kathy A. Bolten is a senior staff writer at Business Record. She covers real estate and development, workforce development, education, banking and finance, and housing.