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Property profile & analytics
OFF-MARKET
Shopping malls

3408 Merle Hay Rd Des Moines, IA 50310

29,400 SF Built 1986
Property ID
Property summary
AI-generated overview

This single-story, 29,400 square foot retail center is situated on a 2.37-acre lot at 3408 Merle Hay Road in Des Moines, Iowa, zip code 50310. Built in 1986, the property boasts 14 suites, with one currently vacant at 1,400 square feet. The center offers ample parking with 136 spaces available for customers and tenants. Its prime location provides extensive frontage on Merle Hay Road, just south of the Merle Hay Mall, ensuring high visibility and foot traffic. The property is zoned C-1 and is part of the Des Moines submarket. The building features a total of 29,400 square feet of retail space, making it an ideal investment opportunity for a variety of businesses. The convenient location and high visibility make this property a strong contender for attracting a diverse range of tenants. This is a chance to acquire a well-established retail center in a thriving Des Moines location. The existing infrastructure and ample parking provide a solid foundation for future growth and profitability. The 1,400 square foot vacant suite presents an immediate opportunity to lease and increase revenue.

Property profile
Verified
Property type Shopping malls
Year built 1986
Total area 29,400 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Merle Hay Liquor and Smoke (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Bitstop Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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