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Property profile & analytics

2700 Ingersoll Ave Des Moines, IA 50312

  • Commercial real estate
  • 32,437 SF
  • 2.29 lot acres
Value Estimation
$5,050,000
Last Sale
Oct 19, 2021
$4,500,000
Location Intelligence
Property ID
US25-0009220
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$88,754
$1,060,000
$1,470,000
$2,530,000
-
$1,060,000
$1,470,000
$2,530,000
More about this property
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