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    3121 Merle Hay Rd Des Moines, IA 50310

    Sponsored
    For Sale
    Contact for pricing

    Prime Des Moines location, high traffic, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.053-acre commercial land parcel presents a unique redevelopment opportunity in Northwest Des Moines. Strategically located at 3121 Merle Hay Road, this property boasts significant frontage of approximately 200 feet along Merle Hay Road, ensuring high visibility and accessibility. The site's (MX3) zoning allows for a variety of mixed-use developments, capitalizing on the area's high traffic volume of nearly 20,000 vehicles daily. Its proximity to Merle Hay Mall further enhances its desirability and potential for significant return on investment. The property comprises four parcels totaling 1.053 acres, providing flexibility for development plans. With a land value of $8.70 per square foot, this offering represents a compelling investment in a thriving Des Moines location. The property is situated in Polk County, Iowa, with a 50310 zip code. This is an ideal location for developers seeking a high-traffic, mixed-use development site in a well-established commercial area. The property's size and zoning provide ample opportunity for creative and profitable development. Don't miss this chance to acquire a prime piece of Des Moines real estate.

    Property Features for 3121 Merle Hay Rd

    General Information

    Property type
    Land
    Lot Size
    45,869 SF

    HighLights

    • 1.053‑acre commercial land parcel in Northwest Des Moines, offering redevelopment potential.
    • High‑visibility location at 3121 Merle Hay Road with approximately 200 feet of frontage.
    • MX3 zoning allows for mixed‑use development, benefiting from nearly 20,000 vehicles daily.
    • Proximity to Merle Hay Mall enhances desirability and ROI.
    • Four parcels totaling 1.053 acres, providing development flexibility; land value: $8.70/SF.
    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 Building Supply Clothing Store 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
    -93.6974102
    Latitude
    41.6240428

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    FAQs

    What type of property is this?
    Land - Prime Des Moines location, high traffic, redevelopment potential.
    Where is this land located?
    The property is located at 3121 Merle Hay Rd Des Moines, IA.
    What are key features of this property?
    This property features: 1.053-acre commercial land parcel in Northwest Des Moines, offering redevelopment potential.; High-visibility location at 3121 Merle Hay Road with approximately 200 feet of frontage.; MX3 zoning allows for mixed-use development, benefiting from nearly 20,000 vehicles daily.
    (515) 975-9600
    Request Owner's contact information
    3121 Merle Hay Rd Des Moines, IA 50310
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    Des Moines, IA 50310
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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
    3121 Merle Hay Rd Des Moines, IA 50310
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