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    300 Martin Luther King Jr Pkwy Des Moines, IA 50309

    Sponsored
    For Sale
    $550,000

    Prime Des Moines location, 2,310 sq ft, rooftop bar.

    Property size:
    2,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Des Moines retail property, located at 300 Martin Luther King Jr Pkwy, offers a unique opportunity for a thriving business. The 2,310 square foot interior space is perfectly complemented by a stunning 3,000 square foot rooftop area, ideal for creating a memorable outdoor experience. The property is fully equipped for a hospitality business, boasting a walk-in cooler, a glycol system for efficient beverage service, and two ice machines. This turnkey solution minimizes upfront investment and allows for immediate operation. The asking price is $550,000. The property is offered as a NNN lease. The building features a total of 5,310 square feet of space, with 2,310 square feet indoors and 3,000 square feet of rooftop space. This high-traffic location in Polk County, Iowa, zip code 50309, presents an unparalleled chance to establish a successful and unforgettable venue. The property's features are designed to maximize efficiency and profitability, making it an attractive investment for discerning entrepreneurs. Don't miss this chance to own a piece of Des Moines' vibrant hospitality scene.

    Property Features for 300 Martin Luther King Jr Pkwy

    General Information

    Property type
    Retail properties
    Square Feet
    2,310 SF

    HighLights

    • 2,310 SF Indoor Bar Area with 24.85 SF of additional space.
    • 3,000 SF Rooftop Deck with 10.80 SF of additional space.
    • Security Camera System (12.43 SF of equipment space).
    • Walk‑in Cooler.
    • Glycol Cooling System.
    • Two Ice Machines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fuzzy's Taco Shop Taco Restaurant Blaze Pizza Pizza Restaurant Anytime Fitness Downtown ... Gym 300mlk Restaurant MLK River Park Shopping Mall

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6196595
    Latitude
    41.5816775

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    FAQs

    What type of property is this?
    Retail property - Prime Des Moines location, 2,310 sq ft, rooftop bar.
    Where is this retail property located?
    The property is located at 300 Martin Luther King Jr Pkwy Des Moines, IA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 2,310 SF Indoor Bar Area with 24.85 SF of additional space.; 3,000 SF Rooftop Deck with 10.80 SF of additional space.; Security Camera System (12.43 SF of equipment space).
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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
    300 Martin Luther King Jr Pkwy Des Moines, IA 50309
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