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Property profile & analytics
OFF-MARKET Estimated value $690,000
Strip malls

1417 Walnut St Des Moines, IA 50309-3432

7,005 SF 0.11 ac lot Built 2016
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2343837
Property summary
AI-generated overview

This exceptional retail opportunity is located at 1417 Walnut Street in Des Moines, Iowa, within Polk County. The property, part of a redevelopment project, boasts a total building size of 20,932 square feet and sits on a 0.25-acre lot. Currently, 1,166 square feet of ground-level retail space is available for lease. The building is zoned C-3A, allowing for a variety of commercial uses. Its advantageous location offers excellent visibility and accessibility, situated near the Art Sculpture Park and in close proximity to Interstate 235, ensuring high traffic flow and convenient access for customers and employees. The multiple-tenancy building presents a vibrant and dynamic environment for businesses seeking a thriving commercial location in Des Moines. This property is ideal for businesses seeking a high-profile location with excellent access and visibility in a desirable urban setting. The available space presents a unique opportunity for a creative and innovative business to establish a strong presence in a rapidly developing area. The property's size and zoning provide flexibility for a range of retail concepts. The zip code is 50316.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2016
Construction CONCRETE
Total area 7,005 SF
Lot 0.11 ac (4,850 SF)
APN 020/00000-200-001
UPID US25-2343837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Amanda Reynal Interiors Interior Design Home Decor Store
  • Horizon Line Coffee Cafe & Coffee Shop
  • Oliver+james Salon Hair Salon
  • The Walnut Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$816k
Blend (final) Blend
$690k
Owner & transaction history
Matthew Allen Anderson · 4 yrs held
Matthew Allen Anderson
since 2022
1 recorded transaction
2022
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +93.0%
Apartment house (5+ units) $1.0M +84.1%
Retail stores $815,000 +45.2%
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