111 11Th StDes Moines, IA 50309

This exceptional 0.4-acre storefront property at 111 SW 11th Street in Des Moines, Iowa, presents a compelling redevelopment opportunity for discerning investors. The 1-story, 1940-built building, situated on a sizable lot, offers 42 parking spaces and is currently vacant with an occupancy date of April 28, 2024. The property boasts a desirable location in the Central Business District, providing excellent proximity to major transportation hubs and a variety of established businesses including Hotel Fort Des Moines (Hilton), EMC Insurance, Wellmark, Community Choice Credit Union, YMCA, and Exile Brewing Company. The asking price is $1,195,000. The property is zoned DX1, allowing for versatile retail or flex use. Importantly, the approved zoning permits significant redevelopment potential, with the possibility of creating a mixed-use development including approximately 90 apartment units. This presents a unique chance to capitalize on the thriving Des Moines market and create a high-impact project. The property's size, location, and zoning make it an ideal investment for those seeking a high-return redevelopment project in a prime Des Moines location. The parcel number is 020/01612-001-000. The lease type is NNN.