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    1501 E Euclid Ave Des Moines, IA 50313

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    For Sale
    $1,300,000

    Single-tenant property with a new 10-year lease in place.

    Property size:
    3,123 SF
    Lot size:
    0.95 Acres

    Property Features for 1501 E Euclid Ave

    General Information

    Size
    3,123 SF
    Lot size
    0.95 Acres

    Source: Stanbrough Realty Company Agent Andrew McCune

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stabilized Retail Investment Property

    This 3,123 square foot single-tenant property is located in a high-visibility location along E Euclid Avenue. The property is fully leased under a new 10-year lease term, offering cash flow and tenant stability. Recent capital improvements include a new roof, HVAC system, grease trap, and updated site plan. The drive-thru has been upgraded with new concrete. Located in a high-traffic corridor, this property presents a turnkey investment with minimal near-term maintenance needs and a committed tenant in place. The property is suitable for drive-through restaurants, restaurants, and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Chicken Shack Chicken Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5984909
    Latitude
    41.6272918

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    FAQs

    What type of property is this?
    Drive through restaurant - Single-tenant property with a new 10-year lease in place.
    Where is this drive through restaurant located?
    The property is located at 1501 E Euclid Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Brand-new 10-year lease provides reliable cash flow and long-term tenant stability.; - Fully leased single-tenant property offers a turnkey investment.; - High-visibility location on E Euclid Avenue in a high-traffic corridor.
    (515) 402-1642
    Request Owner's contact information
    1501 E Euclid Ave Des Moines, IA 50313
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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
    1501 E Euclid Ave Des Moines, IA 50313
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