4309 9Th St Des Moines, IA 50315
- Retail space
- 3,780 SF
- 0.15 lot acres
Current Use by Public Records
- Iowa United Professionals / Labor Union
- United Electrical Radio & Mach / Labor Union
Property Details for 4309 9Th St
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Property size
- 3,780 SF
- Zone code
- C-1
- Property type
- Retail space
- APN
- 120/06681-000-000
- APU
- 12006681000000
Description
This exceptional investment opportunity presents two adjacent buildings totaling 6,000 square feet situated on a 0.31-acre lot at 4309 & 4311 SW 9th Street in Des Moines, Iowa, zip code 50315. The property is zoned RX1 and offers a compelling chance to acquire a portfolio with significant upside. The buildings are separated by a shared driveway/alley and include 10 parking spaces. Building 4309 features two separately metered units with individual entrances. One unit currently has a tenant interested in renewing their lease under new ownership. Building 4311 will be vacant upon sale. Current rental income is below market value, presenting a strong potential for increased revenue and a cap rate approaching 10% with market-rate adjustments. This prime location on the SW 9th corridor offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking immediate cash flow and long-term appreciation in a thriving Des Moines market. The asking price for this portfolio is $530,000.
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
- -93.6254
- Latitude
- 41.5448
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
