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Financial
Distress signals
Property profile

2940 Ingersoll Ave Des Moines, IA 50312

OFF-MARKET
Medical Office Space
Property ID
US25-0438431
5,332 SF 0.27 ac lot Built 1963
Last sale Oct 2023 · $770,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of approximately 1,653 square feet of flexible first-floor commercial space measuring 29 feet by 57 feet. The interior had been demoed and is configured as open space suitable for tenant buildout. Common area restrooms are present, with the potential to add or convert to dedicated restrooms. The building is positioned along Ingersoll Avenue on the near west side, within The Avenues area between North of Grand and South of Grand, about 1 mile west of downtown, and near the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$17k
Tax billed · 2020
Assessed value · 2023$580k
Assessed land$151k
Assessed improvement$429k
Effective rate2.95%

Value estimate

· Oct 2026
$875k
$788k – $963k
AI approach$810k
CAP approach$950k
Submarket $/SF estimate$649k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$166/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$61 – $221

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NPC
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.8
Food Market10.5
Auto Parts Store9.8

Location

2940 Ingersoll Ave Des Moines, IA 50312-4015
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

18 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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