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    2804 9Th St Des Moines, IA 50315

    Sponsored
    For Sale
    $395,000

    Prime location, full-service restaurant, FF&E included.

    Property size:
    2,631 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey restaurant opportunity is located at 2804 SW 9th St, Des Moines, IA, 50315, in Polk County. The property, built in 1975, offers 2,631 square feet of space in a single-story building situated within the RX1 Mixed Use District zoning. The asking price is $395,000, translating to $150.13 per square foot. The sale includes all fixtures, furniture, and equipment (FF&E), making this a seamless transition for a new owner. The restaurant features a fully equipped commercial kitchen, a bar area, a spacious dining room, and ample parking for patrons. A substantial basement provides excellent storage capacity and includes an office. This prime location offers convenient access to downtown Des Moines and benefits from high traffic volume, with approximately 17,191 vehicles passing by daily. The surrounding area boasts an average household income of $81,258 within a 3-mile radius, indicating a strong potential customer base. This is a rare opportunity to acquire a well-established restaurant with significant potential for growth and success.

    Property Features for 2804 9Th St

    General Information

    Property type
    Restaurants
    Square Feet
    2,631 SF

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -93.625792146615
    Latitude
    41.560140202035

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    FAQs

    What type of property is this?
    Restaurant - Prime location, full-service restaurant, FF&E included.
    Where is this restaurant located?
    The property is located at 2804 9Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $395,000.
    Request Owner's contact information
    2804 9Th St Des Moines, IA 50315
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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
    2804 9Th St Des Moines, IA 50315
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