2150 Grand AveDes Moines, IA 50312

Property Details for 2150 Grand Ave

Year built

1987

Construction

CONCRETE

Lot size

1.09 AC

Property size (Sq ft)

22,976 SF

Zone code

C-2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

020/00050-004-000

APU

2000050004000

Description

This exceptional office property, located at 2150 Grand Avenue in Des Moines, Iowa, offers a substantial 19,692 square feet of space. Currently, one unit is available for lease within this Class B building situated in Polk County, zip code 50312. The property is categorized as both Executive and Traditional Office space, making it suitable for a variety of business needs. The multiple tenancy structure allows for flexibility in lease terms and configurations. The building's prime location in Des Moines provides excellent access to major transportation routes and amenities. This is an opportunity to secure a significant footprint in a desirable area of the city. The property's size and layout are ideal for businesses seeking a prominent presence in the Des Moines market. Interested parties are encouraged to inquire about the available space and lease terms. The address is easily accessible and visible from Grand Avenue, offering high visibility for your business. This is a rare opportunity to lease a substantial amount of office space in a well-established Des Moines location. Further details regarding the available space and lease options are available upon request. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,006,175

  6.5%

  $3,698,007

  7%

  $3,433,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,172,695

  Geo Method

  $1,172,695

• Alternative Use

  Use

  Valuation

  Residential

  $4,585,529

  Hospitality

  $4,200,320

  Educational

  $3,494,617

  Medical

  $3,614,802

  Retail

  $5,436,071

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5837

Longitude

-93.647

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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