Mixed-Use Zoned Redevelopment
For Sale
Contact for pricing
2740 SE 14th St, Des Moines, IA 50315
Commercial land with a 1,008 SF structure, direct ingress/egress from a major thoroughfare, and MX3-V mixed-use zoning.
Property Size1,008 SF
Lot Size1.47 Acres
Price / SF$318.35
Days on Market518
Property Features for 2740 SE 14th St
General Information
Standard status
Active
Size
1,008 SF
Lot size
1.47 Acres
Property subtype
LAND
Zoning
MX3-V Mixed Use District
Site & Location
Neighborhood
Indianola Hills
Traffic Count
31,800 vehicles/day
Road Access
Yes
Listing Agency:
CBRE
(515) 224-4900
Listed By:
Mike Macri III
(515) 229-2313
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Oct 25
Last Checked: Nov 1 at 8:16AM
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 CBRE
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Investment Insights
Based on property information with market context.
Located at 2740 SE 14th St, Des Moines, IA 50315, this 1.473-acre property includes an existing 1,008 SF structure and is positioned for redevelopment. The site is described as well suited for retail, office, or service-based businesses, with MX3-V Mixed Use District zoning supporting a broad range of commercial uses.
The property offers visibility and access along SE 14th Street, listed at approximately 31,800 VPD. Ingress and egress are provided directly from SE 14th Street. Surrounding development includes nearby retail, dining, and residential projects within a growing commercial district.
For buyers or operators looking for a flexible, mixed-use zoned redevelopment site with frontage on a high-traffic corridor and an on-site structure, this offering provides a straightforward starting point.
The property offers visibility and access along SE 14th Street, listed at approximately 31,800 VPD. Ingress and egress are provided directly from SE 14th Street. Surrounding development includes nearby retail, dining, and residential projects within a growing commercial district.
For buyers or operators looking for a flexible, mixed-use zoned redevelopment site with frontage on a high-traffic corridor and an on-site structure, this offering provides a straightforward starting point.
Key Highlights
- 1.473‑acre commercial property on SE 14th Street with 31,800 VPD traffic count
- Direct ingress and egress from SE 14th Street
- Includes a 1,008 SF structure on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,790
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,800
$195.8K
Cap Rate 7%
$139,857
$139.9K
Cap Rate 9%
$108,778
$108.8K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$15.1K $15.00/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$14.0K $13.88/SF
− OpEx
−$4.2K −$4.16/SF
NOI
$9.8K $9.71/SF
Area
Des Moines, IA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,800
Cap Rate 7%
$139,857
Cap Rate 9%
$108,778
Alternative Uses
Best Use
Retail
$139.9K
$122.4K – $163.2K
NOI $9,790 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.3K
$217.2K – $289.6K
NOI $17,378 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
31,800 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with a 1,008 SF structure, direct ingress/egress from a major thoroughfare, and MX3-V mixed-use zoning.
Where is this commercial land located?
The property is located at 2740 SE 14th St Des Moines, IA.
What is the asking price?
The asking price for this property is $320,900.
What are key features of this property?
This property features: 1.473‑acre commercial property on SE 14th Street with 31,800 VPD traffic count; Direct ingress and egress from SE 14th Street; Includes a 1,008 SF structure on‑site
