1200 Army Post RdDes Moines, IA 50315

Property Details for 1200 Army Post Rd

Year built

2001

Construction

STEEL FRAME

Lot size

8.43 AC

Property size (Sq ft)

120,460 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

120/07211-002-001

APU

12007211002001

Description

This exceptional Class A retail property, located at 1200 E Army Post Rd in Des Moines, Iowa, presents a prime investment opportunity. The property, known as Gems by IndusPAD, comprises two buildings totaling 144,138 square feet situated on 15 acres of land. Built in 2001, the single-story structures are zoned C-2 and boast a convenient location directly across from Southridge Mall, ensuring high visibility and substantial foot traffic. Currently, there is 63,137 square feet of vacant space available, offering significant potential for multiple tenants. The minimum divisible space is 63,137 square feet, with a maximum contiguous space of the same size. The property is categorized as a multi-tenant retail space suitable for restaurants, storefronts, or medical storefronts. Its location within the Des Moines submarket of Polk County, Iowa (zip code 50315), provides easy access to major transportation routes and a thriving consumer base. This is an unparalleled chance to acquire a substantial retail center in a highly desirable location. The property offers a unique opportunity for a single large tenant or the potential for multiple smaller tenants. This is a rare opportunity to acquire a significant retail asset in a prime Des Moines location.

• CAP approach

  CAP return

  Valuation

  6%

  $30,877,610

  6.5%

  $28,502,410

  7%

  $26,466,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,493,662

  Geo Method

  $15,493,662

• Alternative Use

  Use

  Valuation

  Residential

  $24,042,848

  Hospitality

  $22,023,120

  Educational

  $18,322,978

  Medical

  $18,953,132

  Retail

  $28,502,410

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5274

Longitude

-93.6003

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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