Updated Bar & Restaurant
For Sale
Contact for pricing
1930 SE 6th St, Des Moines, IA 50315
Well-maintained bar and restaurant with recent significant updates and approximately four years remaining on the current lease.
Property Size1,842 SF
Price / SF$298.59
Days on Market186
Property Features for 1930 SE 6th St
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Retail
Zoning
MX1
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Additional Details
Business Included
Yes
Building Details
Year Built
1948
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Hansen Real Estate
Listed By:
Jordan Kleinschmidt · License #66702000
Source:
Crexi
Added: Apr 21
Changed: Oct 13
Last Checked: Oct 20 at 8:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hansen Real Estate
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Investment Insights
Based on property information with market context.
This updated bar and restaurant space offers a well-maintained interior and recent significant improvements throughout. The business is currently operated by an experienced tenant, and the property is positioned as an income-generating option under the existing lease structure.
The property is located at 1930 SE 6th St in Des Moines, IA (SE 6th location). The current lease has approximately four years remaining, with additional renewal options available, supporting longer-term occupancy continuity.
Prospective buyers and brokers should review the lease terms and renewal provisions as part of due diligence, along with the scope of the recent updates reflected in the space.
The property is located at 1930 SE 6th St in Des Moines, IA (SE 6th location). The current lease has approximately four years remaining, with additional renewal options available, supporting longer-term occupancy continuity.
Prospective buyers and brokers should review the lease terms and renewal provisions as part of due diligence, along with the scope of the recent updates reflected in the space.
Key Highlights
- Bar and restaurant space in a prime SE 6th location
- Well‑maintained unit with recent significant updates throughout
- Year built: 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,817
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,340
$436.3K
Cap Rate 7%
$311,671
$311.7K
Cap Rate 9%
$242,411
$242.4K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$30.9K $16.80/SF
− Vacancy
−$1.9K −$1.01/SF
EGI
$29.1K $15.79/SF
− OpEx
−$7.3K −$3.95/SF
NOI
$21.8K $11.84/SF
Area
Des Moines, IA
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,340
Cap Rate 7%
$311,671
Cap Rate 9%
$242,411
Alternative Uses
Best Use
Specialty Retail
$311.7K
$272.7K – $363.6K
NOI $21,817 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.6K
$396.9K – $529.3K
NOI $31,755 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Des Moines, IA
Similar Off Market Nearby
- Manning's — 2102 Indianola Ave, Des Moines, IA 50315
- Striking Sparrow Lounge — 1930 SE 6th St, Des Moines, IA 50315
- Scotty’s Rooftop — 508 indianola rd, des moines, ia 50315
- Club 2000 — 422 Indianola Rd, Des Moines, IA 50315
- Kung Fu Tap & Taco — 210 Indianola Rd, Des Moines, IA 50315
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-maintained bar and restaurant with recent significant updates and approximately four years remaining on the current lease.
Where is this bar & pub located?
The property is located at 1930 SE 6th St Des Moines, IA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Bar and restaurant space in a prime SE 6th location; Well‑maintained unit with recent significant updates throughout; Year built: 1948
