Retail Storefront
3261 E EUCLID AVE Des Moines, IA 50317
For Sale
Contact for pricing
For-sale retail storefront property totaling 8,064 square feet.
Property Size8,064 SF
Price / SF$140.75
Days on Market87
Property Features for 3261 E EUCLID AVE
General Information
- Standard status
- Active
- Size
- 8,064 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing Agency:
Marcus & Millichap
Listed By:
Cole Skinner · License #FL SL3407088
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 12:11PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers a total size of 8,064 square feet, suited for commercial retail use.
The property is located at 3261 E Euclid Ave in Des Moines, Iowa 50317, providing an established retail setting for a new tenant or owner-operator.
Because the listing data does not specify suite configuration, frontage details, or current tenant status, interested parties are encouraged to review the offering materials to confirm layout and operating setup.
The property is located at 3261 E Euclid Ave in Des Moines, Iowa 50317, providing an established retail setting for a new tenant or owner-operator.
Because the listing data does not specify suite configuration, frontage details, or current tenant status, interested parties are encouraged to review the offering materials to confirm layout and operating setup.
Key Highlights
- Retail storefront property totaling 8,064 SF
- Built in 1996
Financial Insights For 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 | $121.0k | $15.00 |
| − Vacancy | −$9.1k | −$1.13 |
| EGI | $111.9k | $13.88 |
| − OpEx | −$33.6k | −$4.16 |
| NOI | $78.3k | $9.71 |
8,064 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.12M
$979.0K – $1.31M
NOI $78,322 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,021 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
FAQs
What type of property is this?
Retail space - For-sale retail storefront property totaling 8,064 square feet.
Where is this retail space located?
The property is located at 3261 E EUCLID AVE Des Moines, IA.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Retail storefront property totaling 8,064 SF; Built in 1996
