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    300 Martin Luther King Jr Pkwy Des Moines, IA 50309

    Sponsored
    For Lease
    $24 SF/Yr ($4,783 /Mo)

    2,310 SF Retail Space, Des Moines, IA

    Lot size:
    2,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Des Moines commercial property, located at 300 W Martin Luther King Jr Pkwy, offers a unique 2,310-square-foot retail space, perfect for a variety of businesses. Currently vacant, this single-tenant property is situated in Polk County, Iowa, and boasts a highly desirable location within the city. A key feature is the expansive 3,000-square-foot rooftop area, ideal for outdoor dining, entertainment, or other creative uses. The interior includes a fully equipped 2,310 square foot space designed for optimal beverage service, featuring a walk-in cooler and a glycol system. Two ice machines are also included, providing added convenience and efficiency. The property is priced at $550,000. This turnkey opportunity presents a rare chance to establish a thriving business in a vibrant Des Moines location, with the potential to capitalize on the unique rooftop space. The property's address is 300 W Martin Luther King Jr Pkwy, Des Moines, IA 50309. The zip code is 50309.

    Property Features for 300 Martin Luther King Jr Pkwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,310 SF
    Total Rate
    4783.63

    Unit(s) available at that property

    Space
    Available Spaces
    Size
    2,310 SF
    Rate per SF
    $24

    HighLights

    • 2,310 SF retail space in Des Moines, IA.
    • 3,000 SF rooftop deck.
    • $550,000 asking price.
    • Walk‑in cooler and glycol system.
    • Two ice machines included.
    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 - 2,310 SF Retail Space, Des Moines, IA
    Where is this retail property located?
    The property is located at 300 Martin Luther King Jr Pkwy Des Moines, IA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 2,310 SF retail space in Des Moines, IA.; 3,000 SF rooftop deck.; $550,000 asking price.
    Request Owner's contact information
    300 Martin Luther King Jr Pkwy Des Moines, IA 50309
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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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