5701 Douglas Ave Des Moines, IA 50310
- Commercial real estate
- 4,662 SF
- 0.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5701 Douglas Ave
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 0.50 lot acres
- Property size
- 4,662 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 100/01138-000-000
- APU
- 10001138000000
Description
This exceptional 1.04-acre commercial land parcel presents a unique development opportunity in Des Moines, Iowa. Situated at 5701 Douglas Avenue, this property boasts an enviable location along a major commercial thoroughfare in Polk County, ensuring high visibility and substantial traffic counts. The MX3 zoning permits a variety of commercial uses, making it ideal for businesses seeking a prominent presence in a thriving area. Its proximity to Merle Hay Mall and other established amenities provides immediate access to a large consumer base and enhances its overall appeal. The property's size offers ample space for a wide range of development projects, from retail establishments to office buildings or other commercial ventures. The asking price is $1,285,550. This prime location, combined with the favorable zoning and convenient access to amenities, makes this a truly exceptional investment opportunity for discerning developers and businesses seeking a strategic foothold in the Des Moines market. The address is precisely 5701 Douglas Ave, Des Moines, IA 50310. This is a rare chance to acquire a significant commercial land parcel in a high-traffic area with excellent visibility and development potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $920,000
- 6.5%
- $880,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $980,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $870,000
- Retail
- $925,000
- Mixed-Use
- $955,000
- Hospitality
- $865,000
- Educational
- $895,000
- Residential Income
- $830,000
- Energy
- $750,000
- Income-Based Land
- $915,000
- Food Service
- $850,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6965
- Latitude
- 41.6297
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA