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    324 1St St West Des Moines, IA 50265

    For Sale
    $620,000

    Prime Valley Junction location, multi-tenant income.

    Property size:
    4,209 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional West Des Moines property, located at 324 1st Street in the desirable Valley Junction neighborhood, presents a unique investment opportunity. The 4,209 square foot property, built in 1939 and renovated in 2004, sits on a 0.44-acre lot and boasts a prime retail frontage along Highway 28, benefiting from over 25,200 average annual daily traffic (AADT) as of 2023. The property comprises two buildings: a retail space currently operating as a furnished rental and a multi-unit office/retail building. Both are meticulously maintained and feature a blend of historic charm and modern amenities, including unique furnishings and artwork. The exterior is enhanced by stunning landscaping. A separate garage with independent utility connections offers additional storage or rental potential. Ample parking is available with 15 private off-street spaces and abundant on-street parking. The property is zoned VJC with conditional CZ3 zoning and includes a fire/smoke alarm system and sprinkler system. A prominent marquee sign provides excellent visibility. Its location within the Historic West Des Moines Boundary makes it eligible for property improvement and regulatory compliance funds. This versatile property offers countless opportunities for various commercial uses, making it ideal for investors or business owners seeking a prime location and multiple rental streams. The asking price is $620,000.

    Property Features for 324 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,209 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built/Renovated
    1939/2004

    HighLights

    • Beautiful Beaverdale brick property in Valley Junction with retail building (furnished rental), multi‑unit office/retail building, and storage outbuilding.
    • Meticulously maintained buildings with unique furnishings and artwork.
    • Ample parking for tenants and customers.
    • Prime retail frontage on 1st St (Hwy 28), over 25,200 AADT (2023), with monument signage.
    • Located within the Historic West Des Moines Boundary, eligible for improvement and compliance funds.
    • Two buildings: furnished retail rental and multi‑unit office/retail building, blending historic charm and modern amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walnut Place Retreat Craft Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

    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
    -93.7333537
    Latitude
    41.5507357

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Valley Junction location, multi-tenant income.
    Where is this office property / space located?
    The property is located at 324 1St St West Des Moines, IA.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: Beautiful Beaverdale brick property in Valley Junction with retail building (furnished rental), multi-unit office/retail building, and storage outbuilding.; Meticulously maintained buildings with unique furnishings and artwork.; Ample parking for tenants and customers.
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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
    324 1St St West Des Moines, IA 50265
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