1433 Walnut St Des Moines, IA 50309
For Sale
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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.
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Gigi's Pilates Studio Gym & Fitness Center
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Elevate Health Crisis Center Medical Clinic
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Teehee's Comedy Club Nightclub Theater & Performing Art Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3A · Des Moines, IADes Moines. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.