333 5Th StWest Des Moines, IA 50265

Property Details for 333 5Th St

Year built

2020

Construction

FRAME

Lot size

0.17 AC

Property size (Sq ft)

7,200 SF

Zone code

VJHB

Property type

Retail properties

Property subtype

Turn key restaurants

APN

320/04589-000-000

APU

32004589000000

Description

This exceptional 7,000 square foot freestanding building, located at 333 5th Street in West Des Moines, Iowa's historic Valley Junction, presents a unique investment opportunity. Recently renovated, this single-tenant property is ideally suited for a restaurant or retail operation. The space boasts a fully equipped, state-of-the-art kitchen featuring a wood-fired grill and Hestan custom appliances, along with a functional bakery. High-end finishes include custom white oak built-in furniture, banquettes, and designer seating. A significant revenue stream is generated by a private event space, complete with a built-in bar, AV equipment, and ample storage, already heavily booked into 2024. This turnkey operation eliminates the need for extensive and costly construction, offering immediate operational capability. Situated in a highly desirable Des Moines location, this property represents a rare chance to acquire an established, profitable business. The building is located in Polk County, Iowa, zip code 50265. The entire 7,000 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,845,417

  6.5%

  $1,703,462

  7%

  $1,581,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,070

  Geo Method

  $926,070

• Alternative Use

  Use

  Valuation

  Residential

  $1,436,934

  Hospitality

  $1,316,224

  Educational

  $1,095,083

  Medical

  $1,132,744

  Retail

  $1,703,462

Location Insight

City

West Des Moines

County

Polk

State

Iowa

Latitude

41.5738

Longitude

-93.7085

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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