Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    516 3Rd St Des Moines, IA 50309

    Sponsored
    For Sale
    Contact for pricing

    Prime Des Moines location, flexible space.

    Property size:
    1,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Des Moines commercial property, located at 516 3rd Street, offers a unique blend of retail and office space, ideal for a variety of businesses. The building, situated on a 1.22-acre lot, features a two-story structure with a total square footage ranging from 1,118 to 4,387 square feet, depending on tenant needs. The property is available for sale and is configured for multi-tenant occupancy, making it perfect for businesses seeking flexible space options. The property type is classified as Retail and Office, with subtypes including Restaurant and Executive Office, offering versatility for potential buyers. The lease type is NNN (Net, Net, Net). The building benefits from a highly visible location with high traffic counts, providing excellent signage opportunities. Access is convenient, with direct access from the 3rd Street exit of Interstate 235 just four blocks north. Ample off-street parking is available for tenants and customers. The property's strategic location also places it within easy reach of numerous amenities, including a city parking garage, Wells Fargo Arena, hotels, and the Principal River Walk, enhancing its appeal and attracting a diverse clientele. This property presents a compelling investment opportunity in a thriving Des Moines location.

    Property Features for 516 3Rd St

    General Information

    Property type
    Restaurants
    Square Feet
    1,118 SF
    Lot Size
    53,143 SF

    Building Details

    Stories
    2

    HighLights

    • High‑traffic location with excellent signage opportunities.
    • Convenient access from I‑235 via 3rd Street exit (four blocks north).
    • Ample off‑street parking.
    • Prime location near amenities including a city parking garage, Wells Fargo Arena, hotels, and the Principal River Walk.
    Property Profile Location Intelligence

    Current Use by Public Records

    Juicebox Software Company Kinetic Edge Physical ... Physical Therapy Clinic Beyond Recovery Massage, ... Sports Massage Therapist Todd Calvin Schemper Physical Therapist SitelogIQ Corporate Office

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Daycare Center 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
    -93.6218396
    Latitude
    41.5891824

    Nearby Similar for Sale

    • $300,000
      Pending

      Des Moines Fourplex Investment Opportunity

      Spacious fourplex near downtown Des Moines with strong cash flow.
      1418 E 9Th St, Des Moines, IA 50316
      View Details
    • $799,000
      2,691 SF

      Luxury Villas Near Costa Rica Beach

      Boutique villas, walk to beach, income potential.
      Villas Cabuya, Des Moines, IA 50308
      View Details
    • $299,000
      1,513 SF

      Versatile Multi-Family Investment Opportunity

      Multi-family residence with income potential, featuring two distinct units.
      1242 Mckinley Ave, Des Moines, IA 50315
      View Details
    • $300,000
      Pending

      Des Moines Fourplex Investment Opportunity

      Well-managed fourplex in Des Moines with cash flow potential.
      1418 E 9Th St, Des Moines, IA 50316
      View Details
    • $2,150,000
      12,392 SF

      Sherman Hill Remodeled Multi-Unit Property

      Remodeled 17-unit property in historic Sherman Hill neighborhood.
      702 20Th St, Des Moines, IA 50314
      View Details
    • $250,000
      Pending

      Revitalization Opportunity Near Drake University

      Seven-unit building suitable for conversion or multifamily use.
      3101 Cottage Grove Ave, Des Moines, IA 50311
      View Details
    • $329,900
      0.37 Acres

      Office Building in High-Demand Corridor

      Fully occupied office building with long-term lease and built-in income.
      2400 6Th St, Des Moines, IA 50322
      View Details
    • $229,990
      1,776 SF

      Ranch-Style Duplex Investment Opportunity

      Turnkey duplex with separate meters and fenced yard.
      3616-3618 SE 11Th St, Des Moines, IA 50315
      View Details
    • $225,000
      1,752 SF

      Updated Multi-Family Near Downtown

      Updated multi-family property near downtown with contract terms available.
      1427 7Th St, Des Moines, IA 50314
      View Details
    • $260,000
      Pending

      Des Moines Duplex with Garage

      Well-kept duplex with solid rental history and fenced backyard.
      2623 63Rd St, Des Moines, IA 50322
      View Details
    • New
      $229,900
      1,408 SF

      Des Moines Duplex: Income Opportunity

      Solid duplex, updated unit, stable tenant, income potential.
      930 Emma Ave, Des Moines, IA 50315
      View Details
    • $260,000
      936 SF

      Des Moines Duplex Investment Opportunity

      Well-maintained duplex with strong rental history in Des Moines.
      2800 54Th St, Des Moines, IA 50310
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Des Moines location, flexible space.
    Where is this restaurant located?
    The property is located at 516 3Rd St Des Moines, IA.
    What are key features of this property?
    This property features: High-traffic location with excellent signage opportunities.; Convenient access from I-235 via 3rd Street exit (four blocks north).; Ample off-street parking.
    Request Owner's contact information
    516 3Rd St Des Moines, IA 50309
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 3Rd St
    Des Moines, IA 50309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    516 3Rd St Des Moines, IA 50309
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.