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    2701 Douglas Ave Des Moines, IA 50310

    Sponsored
    For Sale
    $1,175,000

    6-Acre Mixed-Use Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.9-acre parcel at 2701 Douglas Avenue in Des Moines, Iowa, presents a remarkable redevelopment opportunity. Located in the MX3 (Mixed Use District) zoning, this property boasts extensive frontage along Douglas Avenue and access from Clarkson Avenue. Previously occupied by Plaza Lanes Bowling Center, the site is primed for various commercial ventures, including multifamily housing and retail establishments. The City of Des Moines has completed and approved all necessary entitlements. This prime location benefits from high traffic counts, with Douglas Avenue seeing 22,900 vehicles per day and Martin Luther King Parkway Jr (South) recording 17,900 vehicles per day. Tax Increment Financing is available, making this a financially attractive proposition. The asking price for this significant development site is $1,175,000. This is one of the largest available tracts of land in Des Moines, offering unparalleled potential for a variety of uses. The property is situated in Polk County, Iowa, with a zip code of 50310.

    Property Features for 2701 Douglas Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    257,004 SF

    HighLights

    • Mixed‑use zoning ideal for retail, convenience store, or multi‑family development.
    • MX‑3 Mixed Use zoning allows flexibility.
    • Tax Increment Financing (TIF) incentives available.
    • Fully entitled and approved by the City of Des Moines.
    • High traffic counts on Douglas Avenue (22,900 VPD) and Martin Luther King Jr. Parkway (17,900 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Great Tree LLC Tree Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.653858776308
    Latitude
    41.628270585815

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    FAQs

    What type of property is this?
    Multifamily property - 6-Acre Mixed-Use Development Site
    Where is this multifamily property located?
    The property is located at 2701 Douglas Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: Mixed-use zoning ideal for retail, convenience store, or multi-family development.; MX-3 Mixed Use zoning allows flexibility.; Tax Increment Financing (TIF) incentives available.
    (515) 415-6100
    Request Owner's contact information
    2701 Douglas Ave 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
    2701 Douglas Ave Des Moines, IA 50310
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