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    2715 University Ave Des Moines, IA 50317

    Sponsored
    For Sale
    $1,250,000

    Prime University Ave Storefront, Redevelopment Potential

    Property size:
    4,864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Des Moines investment opportunity encompasses a 2.06-acre parcel featuring a 4,864 square foot commercial storefront currently operating as a shop. The property is zoned MX3 and boasts outstanding frontage on East University Avenue, providing excellent visibility and accessibility. Its strategic location offers close proximity to Interstate 235, ensuring convenient access for customers and employees. The asking price is $1,250,000, translating to $13.91 per square foot. This represents a compelling redevelopment opportunity. The sale includes not only the commercial shop but also five additional residential houses situated on the property, presenting significant potential for future development or rental income. The single-tenant storefront provides immediate cash flow, while the expansive lot size and multiple structures offer considerable flexibility for a variety of future uses. This property is ideally suited for an investor seeking a high-return opportunity in a rapidly growing area of Des Moines, Iowa, with its prime location and substantial land area. The property's zoning and proximity to major transportation routes make it an attractive prospect for a wide range of commercial and residential ventures. This is a rare chance to acquire a substantial holding in a desirable location. The zip code is 50317, located in Polk County.

    Property Features for 2715 University Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,864 SF
    Lot Size
    89,734 SF

    HighLights

    • Redevelopment potential.
    • Excellent University Avenue frontage with full access.
    • Convenient Interstate 235 access.
    • Includes 4,864 SF commercial building and five residential houses.
    Property Profile Location Intelligence

    Current Use by Public Records

    P&P Small Engines Lawn Mower Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -93.5650977
    Latitude
    41.6002009

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    FAQs

    What type of property is this?
    Individual retail property - Prime University Ave Storefront, Redevelopment Potential
    Where is this individual retail property located?
    The property is located at 2715 University Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Redevelopment potential.; Excellent University Avenue frontage with full access.; Convenient Interstate 235 access.
    Request Owner's contact information
    2715 University Ave Des Moines, IA 50317
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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
    2715 University Ave Des Moines, IA 50317
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