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Mixed-Use Property with Apartments
New
For Sale
$200,000

2312 Forest Ave, Des Moines, IA 50311

Two renovation-ready structures combine commercial space with residential redevelopment potential on one parcel.

Property Size7,238 SF
Price / SF$27.63
Days on Market3

Property Features for 2312 Forest Ave

General Information

Standard status Active
Size 7,238 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence fully gutted

Additional Details

Unit Mix 2 x 2BR

Building Details

Year Built 1900
Buildings 2
Listing Agency: Century 21 Signature
Listed By: Home Sweet Des Moines
Source: Homesweetdesmoines
Added: Sep 20 Changed: Sep 21 Last Checked: Sep 21 at 6:56AM

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 Century 21 Signature

Investment Insights

Based on property information with market context.

This mixed-use offering includes a block commercial building at 2312 Forest Ave with approximately 1,144 square feet of finished space. The building supports a storefront, office, or other commercial configuration, while its upper level contains two two-bedroom apartments that have been taken to the studs for remodeling.

The second structure, a historic Victorian home at 1370 23rd St., contains approximately 4,124 square feet and was previously arranged as seven apartments. The home has been fully gutted and is ready for renovation. Together, the properties provide a commercial component and two residential redevelopment projects within the same offering. Both addresses are in Des Moines, Iowa, and the property dates to 1900.

Key Highlights

  • Two properties included on one parcel
  • Commercial building with approximately 1,144 square feet of finished space
  • Upper level includes two two‑bedroom apartments taken to the studs

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply HVAC Service

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

Location Intelligence

Trade Area within ½ mile

572
Businesses Nearby

Demographics for 50311, IA

14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two renovation-ready structures combine commercial space with residential redevelopment potential on one parcel.
Where is this mixed-use property located?
The property is located at 2312 Forest Ave 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: Two properties included on one parcel; Commercial building with approximately 1,144 square feet of finished space; Upper level includes two two‑bedroom apartments taken to the studs
More about this property
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