Property profile

1221 25th St Des Moines, IA 50311

OFF-MARKET
Banks
Property ID
US25-0280621
2,098 SF 0.17 ac lot Built 1970
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 492-square-foot retail property, located at 1221 25th St in Des Moines, Iowa, presents a unique investment opportunity. Priced at $300,000 ($609.76 per square foot), this single-story building, constructed in 1980, sits on a 0.26-acre lot. Previously used as a US Bank drive-up branch, the property is zoned C-1 Neighborhood Retail, offering a multitude of potential uses. The building's layout and existing infrastructure provide a solid foundation for various retail or office ventures. Entrepreneurs and investors will appreciate the flexibility this space offers, allowing for creative redevelopment to suit a range of business needs. Its prime Des Moines location ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a well-established and convenient location. The property's size and zoning make it ideal for a variety of uses, from a small retail store to a professional office. This is an excellent opportunity to acquire a well-situated property in a thriving Iowa market. The 0.26-acre lot provides ample space for potential expansion or outdoor amenities. Don't miss this chance to own a piece of Des Moines' commercial landscape.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Construction CONCRETE
Total area 2,098 SF
Lot 0.17 ac (7,602 SF)
Zoning code C-1
APN 080/06947-000-000
UPID US25-0280621

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

1221 25th St Des Moines, IA 50311-4700
Des Moines metro Census 1100 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

Zoning & alternative use

C-1 · Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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