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    1350 Martin Luther King Jr Pkwy Des Moines, IA 50309

    For Sale
    Contact for pricing

    Exceptional Des Moines land, PUD zoning, high traffic.

    Property size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional development opportunity presents 1 to 11 acres of land located at 1350 W Martin Luther King Jr Pkwy in Des Moines, Iowa, zip code 50309. The property, known as Gray's Landing, boasts a highly desirable location within Polk County, offering unparalleled access to a wealth of amenities. The site's zoning is designated as Planned Unit Development (PUD), providing flexibility for a variety of development projects. The lot size ranges from a minimum of 43,560 square feet to a maximum of 479,160 square feet, presenting significant scale potential. This prime location benefits from existing utilities, simplifying infrastructure development. Furthermore, the property enjoys a strategic position with high visibility and accessibility, experiencing a daily traffic count of 15,000 vehicles. Gray's Landing neighborhood provides convenient access to area parks, walking and biking trails, Gray's Lake recreation, and downtown Des Moines entertainment and attractions, all within walking distance or a short drive. This makes it an ideal location for residential, commercial, or mixed-use development projects. The latitude and longitude coordinates are 41.579697 and -93.631935 respectively.

    Property Features for 1350 Martin Luther King Jr Pkwy

    General Information

    Property type
    Land
    Square Feet
    43,560 SF
    Lot Size
    43,560 SF

    HighLights

    • Existing utilities.
    • High traffic count: 15,000 vehicles per day.
    • Planned Unit Development (PUD) zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.631935
    Latitude
    41.579697

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    FAQs

    What type of property is this?
    Land - Exceptional Des Moines land, PUD zoning, high traffic.
    Where is this land located?
    The property is located at 1350 Martin Luther King Jr Pkwy Des Moines, IA.
    What are key features of this property?
    This property features: Existing utilities.; High traffic count: 15,000 vehicles per day.; Planned Unit Development (PUD) zoning.
    (515) 415-6100
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    1350 Martin Luther King Jr Pkwy 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
    1350 Martin Luther King Jr Pkwy Des Moines, IA 50309
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