Neighborhood Retail
For Sale
Contact for pricing
3523 6th Ave, Des Moines, IA 50313
Retail property with MX1 zoning at a signalized intersection along 6th Avenue.
Property Size7,080 SF
Price / SF$254.24
Days on Market187
Property Features for 3523 6th Ave
General Information
Standard status
Active
Size
7,080 SF
Property subtype
Retail
Zoning
MX1
Occupancy
100%
Lease Type
NNN
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
LOCATE Commercial Real Estate
Listed By:
Keith Olson · License #IA B57438000
(515) 460-0624
Source:
Crexi
Added: Apr 13
Changed: Oct 9
Last Checked: Oct 14 at 9:57PM
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 LOCATE Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,080-square-foot retail property is located at 3523 6th Ave in Des Moines, Iowa. The asset is positioned within the Highland Park Historic Business District and classified under MX1 zoning.
The property occupies a signalized intersection along 6th Avenue, providing direct access and exposure within a dense residential trade area. Its setting supports neighborhood-oriented retail use in an established commercial district.
The property occupies a signalized intersection along 6th Avenue, providing direct access and exposure within a dense residential trade area. Its setting supports neighborhood-oriented retail use in an established commercial district.
Key Highlights
- 7,080‑square‑foot retail property
- MX1 zoning
- Signalized intersection along 6th Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,765
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,300
$1.4M
Cap Rate 7%
$982,357
$982.4K
Cap Rate 9%
$764,056
$764.1K
Market Conditions
NOI Build-Up for 7,080 SF
Gross rent
$106.2K $15.00/SF
− Vacancy
−$8.0K −$1.13/SF
EGI
$98.2K $13.88/SF
− OpEx
−$29.5K −$4.16/SF
NOI
$68.8K $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%
$1,375,300
Cap Rate 7%
$982,357
Cap Rate 9%
$764,056
Alternative Uses
Best Use
Retail
$982.4K
$859.6K – $1.15M
NOI $68,765 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,057 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 50313, IA
17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
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?
Retail space - Retail property with MX1 zoning at a signalized intersection along 6th Avenue.
Where is this retail space located?
The property is located at 3523 6th Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,080‑square‑foot retail property; MX1 zoning; Signalized intersection along 6th Avenue
