Turnkey Bank in Thriving
2805 Beaver Ave Des Moines, IA 50310
2805 Beaver Ave, Des Moines, IA, 50310
$1,510,000
For Sale
$1,510,000
Spacious bank building with redevelopment potential in a walkable neighborhood.
Property Size5,000 SF
Lot Size0.85 Acres
Price / SF$302
Days on Market145
Property Features for 2805 Beaver Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.85 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing agency
NAI Iowa Realty Commercial - Des Moines
(319) 331-3191
Listed by
Chris Fultz · License #B56244000
(319) 331-3191
Source
Naiglobal
Added: Feb 26 Updated: Jul 10 at 3:55PM Checked: Jul 21 at 8:35AM
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 NAI Iowa Realty Commercial - Des Moines
Investment Insights
Based on property information with market context.
This turnkey bank building features a spacious lobby with vaulted ceilings and existing private offices. The 5,000 square foot professional financial building is situated on a 0.845 acre lot in a walkable neighborhood within a thriving commercial district. Zoned for mixed-use, the location offers a redevelopment opportunity in a high visibility retail corridor. An additional 0.4 acres may be available. The property also features a 5000 square foot finished basement and may qualify for missing middle tax abatement and commercial tax abatement.
Key Highlights
- Prime real estate in a high‑visibility retail corridor with mixed‑use zoning.
- Turnkey bank features a spacious lobby, vaulted ceilings, and existing private offices.
- Expansive 0.845‑acre lot in a walkable neighborhood (additional .4 acres may be available).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $16.80 |
| − Vacancy | −$5.0k | −$1.01 |
| EGI | $79.0k | $15.79 |
| − OpEx | −$19.7k | −$3.95 |
| NOI | $59.2k | $11.84 |
5,000 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$846.0K
$740.3K – $987.0K
NOI $59,220 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$693.8K
$607.0K – $809.4K
NOI $48,563 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,198 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
GreenState Credit Union
Credit Union
Shazam Atm
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Spacious bank building with redevelopment potential in a walkable neighborhood.
Where is this bank located?
The property is located at 2805 Beaver Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $1,510,000.
What are key features of this property?
This property features: Prime real estate in a high‑visibility retail corridor with mixed‑use zoning.; Turnkey bank **features a spacious lobby, vaulted ceilings, and existing private offices.**; Expansive 0.845‑acre lot in a walkable neighborhood (additional .4 acres may be available).
