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3850 Merle Hay Rd Des Moines, IA 50310

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Des Moines, IA: Adaptive Reuse Project

Property size:
67,325 SF

Property Features for 3850 Merle Hay Rd

General Information

Property type
Retirement homes
Square Feet
67,325 SF
Class
C

Building Details

Year Built
1966
Buildings
2
Stories
6

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Listing Contact
Nora Walsh
Nora Walsh

Listing Agency: SVN | CREATE Commercial Real Estate Advisors Listing Agent: Nora Walsh

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 67,325 square foot, Class C property, located at 3850 Merle Hay Rd in Des Moines, Iowa, presents a unique redevelopment opportunity. The two-building complex, built in 1966, features six stories and boasts a prime location directly connected to a super-regional mall, resulting in a walkability score of 74. The property includes a former 12,400 square foot theater with additional mezzanine space, offering versatile options for adaptive reuse. Each of the six floors in the main building encompasses approximately 9,000 square feet, previously configured as office space. The property currently sits vacant and is zoned C-4, making it ideal for multi-family or senior housing. Key features include two passenger elevators, ample surface and covered parking with multiple lot entrances, and a well-maintained HVAC system. The high-traffic location on Merle Hay Road, with approximately 50,000 vehicles per day, and proximity to three Des Moines Area Transit Authority bus stops, further enhances its appeal. The attached former cinema, with its flat roof offering patio potential, provides significant additional space for various uses, such as event space, medical facilities, or additional residential units. The Merle Hay trade area boasts a high concentration of high-income households. The asking price is $1,600,000 ($32.68/sq ft).
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Drake Headstart High School Catron Jerald L ... Physician Cathi's Salon Hair Salon Komen’s National Breast ... Association Or Organization Omega 3 Family ... Food Processing Plant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
-93.7014387
Latitude
41.63204546

FAQs

What type of property is this?
Retirement home - Des Moines, IA: Adaptive Reuse Project
Where is this retirement home located?
The property is located at 3850 Merle Hay Rd Des Moines, IA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Direct indoor access to a super-regional mall.; High-traffic location on Merle Hay Road (approx. 50,000 vehicles per day).; Controlled, fully-lighted intersection.
(515) 416-7930 Call to check price and availability
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