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40-Unit Senior Housing Property
For Sale
Contact for pricing
Pending

4010 E 42nd St, Des Moines, IA 50317

Two-story senior housing community with varied apartment layouts and shared resident amenity areas.

Property SizeContact for details
Days on Market141

Property Features for 4010 E 42nd St

General Information

Standard status Pending
Property subtype Multifamily, Senior Living

Additional Details

Multifamily Units 40

Amenities

lounge
lobby
library
dining
craft area

Building Details

Buildings 1
Stories 2
Listing Agency: CBRE - Des Moines
Listed By: thomas (TJ) Jacobs · License #S43030000
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:10PM

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 - Des Moines

Investment Insights

Based on property information with market context.

Hickory Grove Apartments is a two-story senior housing property with 40 units, including a mix of one-bedroom and three-bedroom floor plans. The building incorporates several shared spaces that support resident activity and daily community use, including a lounge, lobby, library, dining area, and craft areas.

Located at 4010 E 42nd St in Des Moines, Iowa, the property is positioned for continued use as a senior housing or retirement home asset. Its combination of private apartments and dedicated common areas provides a defined residential configuration with space for dining, recreation, and gathering.

Key Highlights

  • 40‑unit senior housing property
  • Two‑story apartment building
  • Mix of one‑bedroom and three‑bedroom floor plans

Property Analytics

Current Use

Hickory Grove Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Nail Salon Kitchen & Bath Showroom

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

Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

154
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50317, IA

37,221
Population
15,193
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
87%
High-School Grad
22.1 sq mi
ZIP Area
1,684
Density / Sq Mi
$61,569
Median Household Income
$36,641
Median Earnings
$1,079
Median Rent
$165,200
Median Home Value

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?
Senior housing / Retirement Home - Two-story senior housing community with varied apartment layouts and shared resident amenity areas.
Where is this senior housing / retirement home located?
The property is located at 4010 E 42nd St Des Moines, IA.
What are key features of this property?
This property features: 40‑unit senior housing property; Two‑story apartment building; Mix of one‑bedroom and three‑bedroom floor plans
More about this property
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