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    3310 Martin Luther King Jr Pkwy Des Moines, IA 50310

    For Sale
    $295,770

    Prime Des Moines land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 0.97-acre commercial land parcel presents a unique investment opportunity in Des Moines, Iowa. Located at 3310 Martin Luther King Jr Parkway, this corner lot boasts a highly desirable location adjacent to a Hy-Vee grocery store at the northwest corner of Urbandale Drive and Martin Luther King Jr Parkway. The property is zoned MX3 (Mixed Use District), allowing for a variety of development options, making it perfect for a small office building or retail space. The surrounding area features a thriving retail environment, including established businesses such as Subway, Arona, Vanity Beauty Supply, and LC Nails, ensuring high visibility and potential customer traffic. The high traffic volume on Martin Luther King Jr Parkway, with 18,800 vehicles per day, further enhances the property's commercial viability. This prime location and flexible zoning make this 0.97-acre lot an exceptional opportunity for investors seeking to capitalize on Des Moines's growing commercial market. The asking price is $295,770. The property's address is 3310 Martin Luther King Jr Parkway, Des Moines, IA 50310, within Polk County.

    Property Features for 3310 Martin Luther King Jr Pkwy

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • 0.97‑acre commercial lot in Des Moines, IA, at 3310 Martin Luther King Jr Parkway.
    • Corner lot adjacent to a Hy‑Vee, offering high visibility.
    • MX3 zoning allows for diverse development (office or retail).
    • High traffic count (18,800 vehicles daily) on Martin Luther King Jr Parkway.
    • Asking price: $295,770.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Polish King Fast Food Restaurant

    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
    -93.65083
    Latitude
    41.6253839

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    FAQs

    What type of property is this?
    Land - Prime Des Moines land, ideal for development.
    Where is this land located?
    The property is located at 3310 Martin Luther King Jr Pkwy Des Moines, IA.
    What is the asking price?
    The asking price for this property is $295,770.
    What are key features of this property?
    This property features: 0.97-acre commercial lot in Des Moines, IA, at 3310 Martin Luther King Jr Parkway.; Corner lot adjacent to a Hy-Vee, offering high visibility.; MX3 zoning allows for diverse development (office or retail).
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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
    3310 Martin Luther King Jr Pkwy Des Moines, IA 50310
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