1300 Walnut St Des Moines, IA 50319
- Investment properties
- 23,400 SF
- 0.37 lot acres
Current Use by Public Records
- Carole Frier, DO / Internist
- Uplift Delivery, a division of Professional Project Partners Inc. / Software Company
- Substance Architecture / Architecture Firm / Building Design Company
- Mankins Paul / Architect
- Felsburg Holt & Ullevig / Engineering Consultant
Property Details for 1300 Walnut St
- Year built
- 2005
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 23,400 SF
- Zone code
- C-3A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 020/01685-001-000
- APU
- 2001685001000
Description
This two-story, 18,190 square foot medical office building at 1300 Walnut Street in Des Moines, Iowa, presents a unique investment opportunity. Built in 1995, the property features a total of two suites, with a minimum divisible space of 2,893 square feet and a maximum contiguous space of 3,508 square feet. Currently, 6,401 square feet are vacant, offering significant potential for lease income. Situated on a 0.372-acre lot, the building is zoned DX2 and is located in Polk County, Iowa, zip code 50319. Its prime location on the cultural corridor of Walnut Street places it within walking distance of numerous restaurants and attractions, including The Walnut, Grumpy Goat, Proof, Jimmy John's, Ritual Café, Horizon Line Coffee, and Exile Brewing. Nearby attractions also include the Pappajohn Sculpture Park, Noce, and Teehee's comedy club. This property offers a blend of convenience, accessibility, and proximity to a vibrant urban environment, making it an ideal location for medical practices seeking a high-profile address in Des Moines. The building's multiple suite configuration provides flexibility for various tenant needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,795,000
- 6.5%
- $2,645,000
- 7%
- $2,700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,845,000
- Geo Method
- $3,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,690,000
- Retail
- $2,790,000
- Mixed-Use
- $2,590,000
- Hospitality
- $2,640,000
- Educational
- $2,375,000
- Residential Income
- $2,430,000
- Energy
- $2,575,000
- Income-Based Land
- $2,350,000
- Food Service
- $2,445,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6335
- Latitude
- 41.5838
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
