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    5450 Johnston Dr Johnston, IA 50131
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    Property profile & analytics

    5450 Johnston Dr, Johnston, IA 50131

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    • Warehouses
    • 32,000 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5450 Johnston Dr

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 32,000 square foot property in Polk County's Des Moines Northwest submarket presents a unique investment opportunity. Situated on a 4.38-acre lot, this single-story building offers flexible space ideal for a variety of uses. Two spaces are available: a 23,000 square foot building suitable for office, retail, or flex space, and a 9,000 square foot space perfectly positioned for a restaurant or bar concept. The property boasts a highly desirable location directly east of the bike trail and Johnston's first dog park, and is conveniently located near new city kayak launch/water trails. Furthermore, its proximity to significant upcoming developments enhances its appeal. These include the Bombers Des Moines (a 50,000 square foot golf venue with a 100-room hotel), the LifeServe Blood Center (opening in 2024), and the Ignit Sports and Fitness recreation center (opening in 2024), which features a large indoor track, full-sized indoor soccer field, meeting spaces, fitness areas, multi-purpose courts, and outdoor recreation space. Lease rates are negotiable, making this an attractive proposition for businesses seeking a prominent location in a rapidly developing area. Minimum divisible space is 9,000 square feet, with a maximum contiguous space of 23,000 square feet. The property is currently entirely vacant.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.6918
    Latitude
    41.6576
    More about this property
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