1201 Keosauqua Way Des Moines, IA 50309
- Investment properties
- 31,140 SF
- 0.32 lot acres
Current Use by Public Records
- MA Architecture / Architecture Firm
- Ahmann Design, Inc / Corporate Office
- Black Swan Developers / Real Estate Developer
- Good Company Barbers / Barber Shop
- 1201keo.com / Leasing Service
Property Details for 1201 Keosauqua Way
- Year built
- 2022
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property size
- 31,140 SF
- Zone code
- M-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 030/01584-000-000
- APU
- 3001584000000
Description
This exceptional Des Moines property, located at 1201 Keosauqua Way, offers 23,000 square feet of Class A creative office space in a historic renovation of a former rug factory. The building boasts four buildings with two stories each, featuring attractive 13' and 14' ceilings. Multiple tenants are currently occupying the space, with 5,067 square feet currently vacant. Units range from a minimum of 2,381 square feet to a maximum contiguous space of 2,686 square feet. The property enjoys a prime location, just one block from I-235, providing easy access to all parts of the city. Its prominent position on Keosauqua Way offers excellent visibility, with daily traffic counts exceeding 25,000 vehicles and over 68,000 employees working within a one-mile radius. Building amenities include elevators. The property is situated in the Des Moines submarket of Polk County, Iowa, zip code 50309, and is conveniently located near Crocker Street. This unique opportunity combines historic charm with modern functionality, making it ideal for a variety of businesses. The property is classified as Retail, Office, and Restaurant, with a Creative Office subtype.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $725,000
- 6.5%
- $675,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $780,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $625,000
- Mixed-Use
- $810,000
- Hospitality
- $605,000
- Educational
- $670,000
- Residential Income
- $740,000
- Energy
- $795,000
- Income-Based Land
- $770,000
- Food Service
- $670,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.632
- Latitude
- 41.5928
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
