1433 Walnut St Des Moines, IA 50309
Property Lookup
Property profile & analytics
1433 Walnut St Des Moines, IA 50309
- Retail space
- 5,628 SF
- 0.19 lot acres
Property ID
US25-0404822
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Gigi's Pilates Studio / Gym & Fitness Center
- Elevate Health / Crisis Center / Medical Clinic
- Teehee's Comedy Club / Nightclub / Theater & Performing Art Venue
Property Details for 1433 Walnut St
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 0.19 lot acres
- Property size
- 5,628 SF
- Zone code
- C-3A
- Property type
- Retail space
- APN
- 020/01736-001-000
- APU
- 2001736001000
Description
This exceptional Des Moines retail property, located at 1433 Walnut St, offers 5,628 square feet across three suites in a single-story building. A significant 3,295 square feet is currently available, presenting a fantastic opportunity for expansion or new tenancy. Built in 1948 and extensively renovated in 2020, the property boasts modern amenities while retaining its character. Situated on a 0.188-acre lot (8,201 square feet), it benefits from ample space and convenient access. The property's zoning is DX2, Downtown District, reflecting its prime location within the Western Gateway area of downtown Des Moines. Its proximity to 15th St and public transportation ensures high visibility and accessibility. The building features adequate power to support various retail or restaurant uses. This location offers the advantage of being within walking distance of popular local establishments like Exile Brewing Company, making it an attractive destination for customers. The property's recent renovation ensures it's ready for immediate occupancy, providing a move-in ready space for discerning businesses. This is a rare opportunity to secure a well-located, renovated retail space in the heart of Des Moines' vibrant downtown area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $910,000
- 6.5%
- $840,000
- 7%
- $780,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,045,000
- AI Estimate
- $621,000
Market price range: $322k - $1.05MMarket price range: $162k - $633k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $655,000 Current use
- COMMERCIAL (GENERAL)
- $995,000 Change: +52% Conversion: Easy
- AUTO REPAIR, GARAGE
- $970,000 Change: +48% Conversion: Difficult
- MEDICAL BUILDING
- $935,000 Change: +43% Conversion: Difficult
- RESTAURANT
- $870,000 Change: +33% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $830,000 Change: +27% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6361
- Latitude
- 41.5837
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$12,582
$271,000
$601,000
$872,000
-
$271,000
$601,000
$872,000
