Property profile

11th & Martin Luther King Jr Pkwy Des Moines, IA 50309

OFF-MARKET
Restaurants
Built 2019
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Property summary

AI-generated overview

This exceptional 2,296 square foot commercial space is situated on the first floor of the Linc @ Gray's Station, a modern, five-story mixed-use building completed in 2019. Located at the prominent corner of SW 11th Street and ML King Parkway, this property offers unparalleled visibility and accessibility. Ideal for a restaurant or office tenant, the space boasts a 14-foot ceiling height, providing ample room for creative design and functionality. The building itself is part of the larger Gray's Station development, a thriving urban neighborhood in Des Moines's vibrant downtown area. This rapidly growing community will eventually house over 5,000 residents in a mix of housing styles, ensuring a robust customer base and high foot traffic. The property is located in Polk County, Iowa, with easy access to major transportation routes. This is a unique opportunity to establish a presence in a dynamic and rapidly developing area of Des Moines. The space is currently vacant and ready for immediate occupancy. Seven total suites are within the building. This listing represents a single, contiguous space.

Property profile

Verified
Property type Restaurants
Year built 2019

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11th & Martin Luther King Jr Pkwy Des Moines, IA 50309
Des Moines metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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