111 11Th St Des Moines, IA 50309
- Retail properties
- 0.40 lot acres
Current Use by Public Records
- Flicker's Towing Service / Towing Service
Property Details for 111 11Th St
- Year built
- 1940
- Lot size
- 0.40 lot acres
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 0.4-acre storefront property at 111 SW 11th Street in Des Moines, Iowa, presents a compelling redevelopment opportunity for discerning investors. The 1-story, 1940-built building, situated on a sizable lot, offers 42 parking spaces and is currently vacant with an occupancy date of April 28, 2024. The property boasts a desirable location in the Central Business District, providing excellent proximity to major transportation hubs and a variety of established businesses including Hotel Fort Des Moines (Hilton), EMC Insurance, Wellmark, Community Choice Credit Union, YMCA, and Exile Brewing Company. The asking price is $1,195,000. The property is zoned DX1, allowing for versatile retail or flex use. Importantly, the approved zoning permits significant redevelopment potential, with the possibility of creating a mixed-use development including approximately 90 apartment units. This presents a unique chance to capitalize on the thriving Des Moines market and create a high-impact project. The property's size, location, and zoning make it an ideal investment for those seeking a high-return redevelopment project in a prime Des Moines location. The parcel number is 020/01612-001-000. The lease type is NNN.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6295
- Latitude
- 41.5813
