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    4570 University Ave West Des Moines, IA 50266

    For Sale
    $2,495,000

    Turn-key restaurant, high visibility location.

    Property size:
    6,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,916-square-foot freestanding restaurant building is available for sale at $2,495,000. Located at 4570 University Avenue in West Des Moines, Iowa (zip code 50266), this property boasts a prime location on a major thoroughfare. Built in 1998 and recently remodeled, the building features a flat rubber membrane roof and includes 150 parking spaces, as detailed in the Restrictions and Easement Agreement. The sale includes all kitchen equipment, a grease interceptor, and an outdoor patio. This turn-key opportunity offers outstanding access and high visibility, situated amongst a thriving mix of businesses including Barnes & Noble, Chick-fil-A, and several other popular restaurants and retailers. The property enjoys a significant 17,800 vehicle daily pass-by count on University Avenue. This is an ideal location for an established restaurant or a new venture seeking a strong presence in a high-traffic area of West Des Moines. The property is a triple net (NNN) lease. The price per square foot is $360.76.

    Property Features for 4570 University Ave

    General Information

    Property type
    Restaurants
    Square Feet
    6,916 SF

    Building Details

    Year Built
    1998
    Buildings
    1

    HighLights

    • 6,916 SF freestanding restaurant building for sale or lease in West Des Moines, IA.
    • Built in 1998, recently remodeled; flat rubber membrane roof.
    • 150 parking spaces included.
    • Fully equipped kitchen included.
    • Grease interceptor installed.
    • High‑visibility location with excellent access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Muchacho Alegre Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply 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
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7677093
    Latitude
    41.5997109

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant, high visibility location.
    Where is this restaurant located?
    The property is located at 4570 University Ave West Des Moines, IA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: 6,916 SF freestanding restaurant building for sale or lease in West Des Moines, IA.; Built in 1998, recently remodeled; flat rubber membrane roof.; 150 parking spaces included.
    Request Owner's contact information
    4570 University Ave West Des Moines, IA 50266
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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
    4570 University Ave West Des Moines, IA 50266
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