1200 Army Post Rd Des Moines, IA 50315-5943
This exceptional Class A retail property, located at 1200 E Army Post Rd in Des Moines, Iowa, presents a prime investment opportunity. The property, known as Gems by IndusPAD, comprises two buildings totaling 144,138 square feet situated on 15 acres of land. Built in 2001, the single-story structures are zoned C-2 and boast a convenient location directly across from Southridge Mall, ensuring high visibility and substantial foot traffic. Currently, there is 63,137 square feet of vacant space available, offering significant potential for multiple tenants. The minimum divisible space is 63,137 square feet, with a maximum contiguous space of the same size. The property is categorized as a multi-tenant retail space suitable for restaurants, storefronts, or medical storefronts. Its location within the Des Moines submarket of Polk County, Iowa (zip code 50315), provides easy access to major transportation routes and a thriving consumer base. This is an unparalleled chance to acquire a substantial retail center in a highly desirable location. The property offers a unique opportunity for a single large tenant or the potential for multiple smaller tenants. This is a rare opportunity to acquire a significant retail asset in a prime Des Moines location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Des Moines, IACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.