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    4365 Merle Hay Rd Des Moines, IA 50310

    Sponsored
    For Lease
    Contact for pricing

    Prime Shopping Center, 5 Spaces Available

    Lot size:
    269,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Haymarket Square Shopping Center presents a unique investment opportunity in a thriving retail environment. This 269,705 square foot shopping center offers multiple tenancy options, with spaces ranging from a minimum of 2,000 square feet to a maximum contiguous space of 56,700 square feet. Recently renovated in 2024, the center boasts brand new facades, updated signage, and significantly improved common areas. The property benefits from an exceptionally high traffic count, exceeding 35,000 vehicles per day at the Merle Hay and Aurora intersection, and enjoys convenient access to Interstate 35/80, carrying over 100,000 vehicles daily. This strategic location is surrounded by a dense population, with nearly 90,000 residents within a 3-mile radius and 188,000 within 5 miles. The center's strong retail synergy is further enhanced by its proximity to major national retailers including Target, Ross, Ulta, Five Below, Kohl's, Hobby Lobby, Burlington, Chick-fil-A, and Starbucks. Adding to its appeal, new tenants, 7 Brew and Green State Credit Union, are slated to open soon, further solidifying the center's position as a premier retail destination. This is an exceptional opportunity to secure space in a high-performing, well-located shopping center with significant growth potential.

    Property Features for 4365 Merle Hay Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    269,705 SF

    Building Details

    Year Renovated
    2024

    Unit(s) available at that property

    Space
    Suite 17
    Size
    9,543 SF
    Space
    Suite 9
    Size
    9,714 SF
    Space
    Suite 16
    Size
    2,185 SF
    Space
    Suite 12
    Size
    2,000 SF
    Space
    Box
    Size
    56,700 SF

    HighLights

    • Haymarket Square Shopping Center: 269,705 SF shopping center with 5 available spaces ranging from 2,000 SF to 56,700 SF.
    • Newly renovated in 2024 with modern facades, signage, and common area improvements.
    • High traffic location with over 35,000 vehicles per day (VPD) at Merle Hay & Aurora, and close proximity to I‑35/80 (100,000 VPD).
    • Strong trade area with nearly 90,000 people within 3 miles and 188,000 within 5 miles.
    • Excellent retail synergy; nearby national retailers include Target, Ross, Ulta, Five Below, Kohl's, Hobby Lobby, Burlington, Chick‑fil‑A, and Starbucks.
    • New tenants 7 Brew and Green State Credit Union opening soon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Haymarket Square Shopping Mall Electrify America Charging ... Electric Vehicle Charging Station Northern Tool + Equipment Tool Store Knee Walker Rental ... Scooter Rental Service TNT Fireworks Fireworks Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.69753539
    Latitude
    41.63959883

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Shopping Center, 5 Spaces Available
    Where is this lifestyle center located?
    The property is located at 4365 Merle Hay Rd Des Moines, IA.
    What are key features of this property?
    This property features: Haymarket Square Shopping Center: 269,705 SF shopping center with 5 available spaces ranging from 2,000 SF to 56,700 SF.; Newly renovated in 2024 with modern facades, signage, and common area improvements.; High traffic location with over 35,000 vehicles per day (VPD) at Merle Hay & Aurora, and close proximity to I-35/80 (100,000 VPD).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4365 Merle Hay Rd Des Moines, IA 50310
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