Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2150 Grand Ave Des Moines, IA 50312

    Sponsored
    For Sale
    $2,000,000

    Des Moines Office Building, Redevelopment Potential

    Property size:
    19,692 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,692 square foot executive office building, located at 2150 Grand Avenue in Des Moines, Iowa, presents a compelling redevelopment opportunity. The three-story Class B building, constructed in 1967 and renovated in 1987, sits on a 2.086-acre lot and is currently vacant. Priced at $2,000,000 ($101.56/sq ft), this NNN-leased multi-tenant property boasts a rare advantage in the Grand/Ingersoll corridor: 74 parking spaces. Its prime location on heavily trafficked Grand Avenue (10,600 vehicles per day) and proximity to I-235 and Martin Luther King Jr. Parkway (33,200 vehicles per day) ensure high visibility and accessibility. The RX2 Mixed Use District zoning allows for diverse development options. The property includes two parcels

    Property Features for 2150 Grand Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,692 SF
    Class
    B
    Lot Size
    90,866 SF

    Building Details

    Year Built/Renovated
    1967/1987
    Buildings
    1
    Stories
    3

    HighLights

    • High‑traffic Grand Avenue location, minutes from I‑235.
    • 1967 construction, remodeled in 1987.
    • 74‑space parking lot—a rare find in the Grand/Ingersoll area.
    • RX2 Mixed‑Use zoning.
    • Annual property taxes: $66,246 (Building: $64,308, Parking: $1,938).
    • Nearby amenities include Palmer's Deli, Gusto Pizza, Caribou Coffee, Noodles & Company, and Walgreens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.64702422
    Latitude
    41.58446748

    Nearby Similar for Sale

    • $300,000
      Pending

      Des Moines Fourplex Investment Opportunity

      Spacious fourplex near downtown Des Moines with strong cash flow.
      1418 E 9Th St, Des Moines, IA 50316
      View Details
    • $799,000
      2,691 SF

      Luxury Villas Near Costa Rica Beach

      Boutique villas, walk to beach, income potential.
      Villas Cabuya, Des Moines, IA 50308
      View Details
    • $299,000
      1,513 SF

      Versatile Multi-Family Investment Opportunity

      Multi-family residence with income potential, featuring two distinct units.
      1242 Mckinley Ave, Des Moines, IA 50315
      View Details
    • $300,000
      Pending

      Des Moines Fourplex Investment Opportunity

      Well-managed fourplex in Des Moines with cash flow potential.
      1418 E 9Th St, Des Moines, IA 50316
      View Details
    • $2,150,000
      12,392 SF

      Sherman Hill Remodeled Multi-Unit Property

      Remodeled 17-unit property in historic Sherman Hill neighborhood.
      702 20Th St, Des Moines, IA 50314
      View Details
    • $250,000
      Pending

      Revitalization Opportunity Near Drake University

      Seven-unit building suitable for conversion or multifamily use.
      3101 Cottage Grove Ave, Des Moines, IA 50311
      View Details
    • $329,900
      0.37 Acres

      Office Building in High-Demand Corridor

      Fully occupied office building with long-term lease and built-in income.
      2400 6Th St, Des Moines, IA 50322
      View Details
    • $229,990
      1,776 SF

      Ranch-Style Duplex Investment Opportunity

      Turnkey duplex with separate meters and fenced yard.
      3616-3618 SE 11Th St, Des Moines, IA 50315
      View Details
    • $225,000
      1,752 SF

      Updated Multi-Family Near Downtown

      Updated multi-family property near downtown with contract terms available.
      1427 7Th St, Des Moines, IA 50314
      View Details
    • $260,000
      Pending

      Des Moines Duplex with Garage

      Well-kept duplex with solid rental history and fenced backyard.
      2623 63Rd St, Des Moines, IA 50322
      View Details
    • New
      $229,900
      1,408 SF

      Des Moines Duplex: Income Opportunity

      Solid duplex, updated unit, stable tenant, income potential.
      930 Emma Ave, Des Moines, IA 50315
      View Details
    • $260,000
      936 SF

      Des Moines Duplex Investment Opportunity

      Well-maintained duplex with strong rental history in Des Moines.
      2800 54Th St, Des Moines, IA 50310
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Des Moines Office Building, Redevelopment Potential
    Where is this office property / space located?
    The property is located at 2150 Grand Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: High-traffic Grand Avenue location, minutes from I-235.; 1967 construction, remodeled in 1987.; 74-space parking lot—a rare find in the Grand/Ingersoll area.
    (515) 415-6100
    Request Owner's contact information
    2150 Grand Ave Des Moines, IA 50312
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2150 Grand Ave
    Des Moines, IA 50312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2150 Grand Ave Des Moines, IA 50312
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.