NOTABLE TRANSACTIONS: Retail property in Ankeny sold for $1 million
Kathy A. Bolten Oct 8, 2025 | 6:00 am
2 min read time
488 wordsAll Latest News, Real Estate and DevelopmentTiernan Properties LLC, located in Ankeny, paid M&A Capital Partners LLC just over $1 million for properties at 102 and 108 SE Third St. in Ankeny, Polk County real estate records show. The properties include a one-story, 6,104-square-foot retail building that was constructed in 1959; a second one-story, 640-square-foot retail structure built in 1962 and a garage. The combined value of the properties is $468,000. The transaction was recorded Sept. 29.
Michael and Jill Heinrich paid the Tulip Trust just over $1 million for property at 1615 S. 43rd St. in West Des Moines, records show. The 1-acre parcel includes a two-story house built in 1991. The transaction was recorded Sept. 29.
Bondurant Development LLC, located in Jordan, Minn., paid the Sheryl Weston Revocable Trust $894,420 for property at 1920 Second St. N.E. in Bondurant, records show. The 4.3-acre parcel includes a 2,287-square-foot house built in 1912. The transaction was recorded Sept. 29.
Tricap Kimberley Crossings TIC LLC, Zeal Kimberley Crossings TIC I LLC and Zeal Kimberley Crossings TIC II paid DHIR-Iowa I LLC (managed by DR Horton-Iowa homebuilders) $10.1 million for property in northern Ankeny that has been developed into rental housing units, records show. The sale includes 43 attached townhomes with tuck-under garages and an outlot. The townhomes were built in 2024 and 2025. The properties are in the 5500 to 5600 blocks of Northeast Lilac Lane and 1400 block of Northeast 55th Lane, just west of Interstate Highway 35. The transaction was recorded Sept. 30.
Cortina Warehousing LLC, located in Ankeny, paid Graham Warehouse LP $4 million for property at 1610 SE Cortina Drive in Ankeny, records show. The 9-acre parcel includes a 90,540-square-foot warehouse built in 1980. The property is valued at $5 million. The transaction was recorded Oct. 1.
Carmen Clist paid Roger and Kristy Merschman just over $1 million for property at 5804 NE Terrace Ridge Drive in Ankeny, records show. The property includes a 3,826-square-foot house built in 2021. The transaction was recorded Oct. 1.
Brandon and Stephanie Hoppenworth paid Brenner Built LLC $1.3 million for property at 9894 NW 119th Court in Granger, records show. The 3.7-acre parcel includes a 3,066-square-foot house whose construction was completed in 2025. The transaction was recorded Oct. 1.
Soper Investment Properties LLC, located in Windsor Heights, paid Pharmco Properties LLC $900,000 for property at 6900 Hickman Road in Windsor Heights, records show. The property includes an 8,166-square foot, one-story building that was constructed in 1992. An auto repair shop is located in the structure. The property is valued at $747,000. The transaction was recorded Oct. 3.
Dallas County
TNE Properties LLC, located in Otley, Iowa, paid A&B Investments LC $1.38 million for property at 16011 Douglas Parkway in Urbandale, Dallas County real estate records show. The property is undeveloped. The transaction was recorded Sept. 30.
KRM Development LLC, located in Urbandale, paid Indi Run West LLC $1 million for 10 undeveloped residential lots in northwest Waukee, records show. The lots are in Indi Run Plat 6. The transaction was recorded Sept. 30.
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.


