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    1100 Cherry St Des Moines, IA 50309

    Sponsored
    For Sale
    $2,293,270

    Prime Des Moines retail land, 1.5 acres, existing building.

    Property size:
    65,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.5-acre commercial land parcel, situated in the heart of Des Moines' Central Business District at 1100 Cherry St, offers a unique investment opportunity. Priced at $2,293,270 ($35/sq ft), this property boasts a total square footage of 65,522 square feet and is zoned for commercial use. The property includes an existing 16,723 square foot building, delivered "as-is," presenting potential for renovation or redevelopment. Its strategic location near Gray's Landing Office and Retail Park and a future soccer complex ensures high visibility and accessibility. The property benefits from excellent exposure along MLK Jr. Parkway, providing significant marketing advantages for any future development. This prime location in the vibrant Des Moines CBD offers unparalleled potential for a variety of commercial ventures. The property's size and zoning make it suitable for a wide range of uses, providing flexibility for investors and developers. Act quickly to secure this exceptional opportunity in Des Moines' thriving commercial market. The zip code is 50309, located in Polk County, Iowa.

    Property Features for 1100 Cherry St

    General Information

    Property type
    Land
    Square Feet
    65,522 SF
    Lot Size
    65,340 SF

    HighLights

    • High‑visibility 1.5‑acre commercial lot in Des Moines' Central Business District (CBD), near Gray's Landing and a future soccer complex, with MLK Jr. Parkway exposure.
    • Commercial zoning.
    • 16,723 SF existing building, delivered "as is," offering renovation/redevelopment potential.
    • 65,522 total square feet, priced at $2,293,270 ($35/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy 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
    -93.6304089
    Latitude
    41.5824665

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    FAQs

    What type of property is this?
    Land - Prime Des Moines retail land, 1.5 acres, existing building.
    Where is this land located?
    The property is located at 1100 Cherry St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $2,293,270.
    What are key features of this property?
    This property features: High-visibility 1.5-acre commercial lot in Des Moines' Central Business District (CBD), near Gray's Landing and a future soccer complex, with MLK Jr. Parkway exposure.; Commercial zoning.; 16,723 SF existing building, delivered "as is," offering renovation/redevelopment potential.
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    Des Moines, IA 50309
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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
    1100 Cherry St Des Moines, IA 50309
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