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    Property profile & analytics

    300 Martin Luther King Jr Pkwy Des Moines, IA 50309

    • Retail space
    • 62,455 SF
    • 3.43 lot acres
    For Sale
    View listing
    $550,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-2395029
    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

    • Fuzzy's Taco Shop / Restaurant / Taco Restaurant
    • Blaze Pizza / Pizza Restaurant
    • Anytime Fitness Downtown Des Moines / Gym
    • 300mlk / Restaurant / Gym
    • MLK River Park / Shopping Mall / Electric Vehicle Charging Station

    Property Details for 300 Martin Luther King Jr Pkwy

    Year built
    2015
    Construction
    FRAME
    Lot size
    3.43 lot acres
    Property size
    62,455 SF
    Property type
    Retail space
    APN
    020/01506-002-000
    APU
    2001506002000

    Description

    This exceptional Des Moines commercial property, located at 300 W Martin Luther King Jr Pkwy, offers a unique 2,310-square-foot retail space, perfect for a variety of businesses. Currently vacant, this single-tenant property is situated in Polk County, Iowa, and boasts a highly desirable location within the city. A key feature is the expansive 3,000-square-foot rooftop area, ideal for outdoor dining, entertainment, or other creative uses. The interior includes a fully equipped 2,310 square foot space designed for optimal beverage service, featuring a walk-in cooler and a glycol system. Two ice machines are also included, providing added convenience and efficiency. The property is priced at $550,000. This turnkey opportunity presents a rare chance to establish a thriving business in a vibrant Des Moines location, with the potential to capitalize on the unique rooftop space. The property's address is 300 W Martin Luther King Jr Pkwy, Des Moines, IA 50309. The zip code is 50309.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6198
    Latitude
    41.5813
    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
    $217,900
    $2,240,000
    $4,020,000
    $6,260,000
    -
    $2,240,000
    $4,020,000
    $6,260,000

    Comparable in this City

    • Value Estimation by Request
      4,110 SF

      1723 Grand Ave

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    • Value Estimation by Request
      753 SF

      601 6th St

      RETAIL STORES (PERSONAL SERVICES) • 753 SF
      601 6th St, Des Moines, IA 50309-5205
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    • Value Estimation
      $16,255,000
      11,753 SF

      580 9th St, Unit 5

      RETAIL STORES (PERSONAL SERVICES) • 11,753 SF
      580 9th St, Des Moines, IA 50309-1270
      View Details
    • Value Estimation
      $740,000
      6,714 SF

      1000 Cherry St

      RETAIL STORES (PERSONAL SERVICES) • 6,714 SF
      1000 Cherry St, Des Moines, IA 50309-4227
      View Details
    • Value Estimation by Request
      11,040 SF

      401 Ct Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,040 SF
      401 Ct Ave, Des Moines, IA 50309-2031
      View Details
    • Value Estimation by Request
      14,280 SF

      1801 Ingersoll Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,280 SF
      1801 Ingersoll Ave, Des Moines, IA 50309-3333
      View Details

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    Des Moines, IA 50309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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