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    3117-3119 Grand Ave Des Moines, IA 50312

    Picture of Apartment buildings at Grand Ave 3117-3119, Des Moines, IA
    For Sale
    $1,115,000

    Apartment - Des Moines, IA

    Type:Apartment
    Days on Market:
    236
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 3117-3119 Grand Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    NX3
    APN
    090/02176
    Interior features
    Cable Tv

    Utilities

    Utilities
    Cable Available
    Heating system
    Steam
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1966
    Flooring type
    Carpet, Hardwood, Laminate, Tile, Vinyl
    Building materials
    Brick
    Architectural style
    Other

    Hunziker & Associates, Realtors (515) 233-4450 [email protected]

    Listing agent Brian K Spraggins (515) 233-4450 License #S69347

    Listing date Apr 23, 2025

    MLS# 66567 Listing URL

    Copyright © 2025 Central Iowa Board 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.

    Overview

    Des Moines Apartment Investment Opportunity

    This property presents a notable investment opportunity situated on historic Grand Avenue in Des Moines, Iowa. The location in the Ingersoll Corridor positions it favorably for either income generation or redevelopment. The property is zoned NX3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6603399
    Latitude
    41.5850332

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    FAQs

    What type of property is this?
    Apartment building - Investment property in booming Ingersoll Corridor, Des Moines.
    Where is this apartment building located?
    The property is located at 3117-3119 Grand Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,115,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in the booming Ingersoll Corridor; - Located on historic Grand Ave; - Potential as an income property
    (515) 233-4450
    Request Owner's contact information
    3117-3119 Grand Ave Des Moines, IA 50312
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    Des Moines, IA 50312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3117-3119 Grand Ave Des Moines, IA 50312
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