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Five-Suite Office Building
For Sale
$200,000

1964 Indianola Avenue, Des Moines, IA 50315

CommercialSale, Office, Des Moines, IA

Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$100
Days on Market282

Property Features for 1964 Indianola Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning Com
Elementary school district Des Moines Independent
Middle school district Des Moines Independent
High school district Des Moines Independent
Directions Take Freeway 235 to downtown exit to 3rd Street to the corner of Hillside and Indianola Avenue to business.
Subdivision Des Moines S.East
Standard status Active
APN 02003002000000
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description E82F N 94F LT 21 LESS ST OP W 1/2 S OF D M RIVER SEC 10-78-24
Tax Annual Amount 1912
Legal Description E82F N 94F LT 21 LESS ST OP W 1/2 S OF D M RIVER SEC 10-78-24

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1934
Building materials Frame
Architectural style Other
Listing Agency: Iowa Realty South
Listed By: Joseph G. Henry
Added: Nov 20, 2025 Changed: Aug 19 Last Checked: Aug 29 at 5:06AM
MLS# 730782

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial office property contains 2,000 square feet of finished space arranged among five business suites. The building was constructed in 1934 with frame construction and is configured for office occupancy. Central air conditioning and forced-air heating supported by natural gas serve the interior.

The property is located in Des Moines within ZIP Code 50315 and carries Com zoning. Public water and public sewer are available, providing established municipal utility service for the building.

Key Highlights

  • 2,000 square feet of finished office space
  • Five business suites within the building
  • Com zoning designation

Property Analytics

Current Use

Income Tax E-File Accounting Firm Accounting Associates Inc Tax Preparation Income Tax Center-Chris ... Tax Preparation

Suggested Use

Top Pick Dental Office Pharmacy Real Estate Agency Furniture & Home Goods Spa & Massage Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Office units

Location Intelligence

Trade Area within ½ mile

426
Businesses Nearby

Demographics for 50315, IA

36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value

Market

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023
20% 2024
16.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Commercial office property with multiple finished suites, central air, forced-air heat, and public utilities.
Where is this office units located?
The property is located at 1964 Indianola Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,000 square feet of finished office space; Five business suites within the building; Com zoning designation
More about this property
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