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    1220 3Rd St Des Moines, IA 50314

    Sponsored
    For Sale
    $45,000

    Prime Des Moines lot, 7,500 sq ft, N5 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.172-acre commercial land parcel, located at 1220 3rd Street in Des Moines, Iowa, presents a unique investment opportunity. Priced at $45,000, this property offers significant potential for development. The lot size is 7,500 square feet, providing ample space for a variety of commercial ventures. The property is zoned N5 - Neighborhood District, which allows for a range of commercial uses, subject to city approvals. Situated in Polk County, with a 50314 zip code, this location benefits from convenient access to Des Moines' amenities and infrastructure. The precise coordinates are 41.6010931 latitude and -93.6218485 longitude. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Iowa market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold as-is. All interested parties are responsible for conducting their own due diligence regarding zoning regulations and permitted uses.

    Property Features for 1220 3Rd St

    General Information

    Property type
    Land
    Lot Size
    7,492 SF

    HighLights

    • For Sale: 0.172‑acre commercial land parcel in Des Moines, IA.
    • 7,500 square foot lot.
    • N5 Neighborhood District zoning.
    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
    -93.6218485
    Latitude
    41.6010931

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    FAQs

    What type of property is this?
    Land - Prime Des Moines lot, 7,500 sq ft, N5 zoning.
    Where is this land located?
    The property is located at 1220 3Rd St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: For Sale: 0.172-acre commercial land parcel in Des Moines, IA.; 7,500 square foot lot.; N5 Neighborhood District zoning.
    (515) 453-5428
    Request Owner's contact information
    1220 3Rd St Des Moines, IA 50314
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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
    1220 3Rd St Des Moines, IA 50314
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