2700 Ingersoll Ave Des Moines, IA 50312
- Commercial real estate
- 32,437 SF
- 2.29 lot acres
Current Use by Public Records
- OfficeMax Print & Copy Services / Copy Shop / Banner Store
- OfficeMax Tech Services / Business To Business Service / Computer Consultant
- FedEx ShipSite / Mailing Service
- Hy-Vee Pharmacy / Pharmacy
- OfficeMax / Business To Business Service / Computer Consultant
Property Details for 2700 Ingersoll Ave
- Year built
- 1997
- Construction
- STEEL FRAME
- Lot size
- 2.29 lot acres
- Property size
- 32,437 SF
- Zone code
- NPC
- Property type
- Commercial real estate
- APN
- 030/04791-002-000
- APU
- 3004791002000
Description
This exceptional 32,418-square-foot retail center, situated on 2.293 acres at 2700 Ingersoll Avenue in Des Moines, Iowa, presents a unique investment opportunity. Built in 1997 and extensively renovated in 2019, this single-story building boasts a prime location in the Grand/Ingersoll Avenue corridor, a submarket known for its strong demographics and limited available inventory. The property is zoned NPC and features two suites, with a minimum divisible space of 8,910 square feet. Currently, the entire 32,418 square feet is vacant, offering significant flexibility for potential tenants. The center benefits from its adjacency to a new Starbucks and the MoLo boutique hotel, enhancing visibility and foot traffic. Existing tenants in the plaza include well-established businesses such as Taco John's, Panchero's, Firehouse Subs, and Panka Peruvian Restaurant, creating a vibrant and diverse retail environment. This property offers a rare chance to establish a presence in a thriving Des Moines location with excellent access and high visibility. The zip code is 50312.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,940,000
- 6.5%
- $4,135,000
- 7%
- $4,560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,055,000
- Geo Method
- $5,110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,100,000
- Retail
- $4,310,000
- Mixed-Use
- $4,660,000
- Hospitality
- $4,140,000
- Educational
- $5,005,000
- Residential Income
- $4,165,000
- Energy
- $4,760,000
- Income-Based Land
- $5,205,000
- Food Service
- $4,980,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6527
- Latitude
- 41.585
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA