1456 2nd Ave Des Moines, IA 50314-3403
Property profile & analytics
1456 2nd Ave, Des Moines, IA 50314-3403
- Retail space
- 3,000 SF
- 0.15 lot acres
Property ID
US25-2540889
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
- Cavan Inc / Grocery & Convenience Store / Food Market
- Mexican Market / Grocery & Convenience Store / Food Market
Property Details for 1456 2nd Ave
- Year built
- 2004
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Zone code
- M-1
- Property type
- Retail space
- APN
- 080/04449-000-000
- APU
- 8004449000000
Description
This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 1456 2nd Avenue in Des Moines, Iowa, just north of the city's central business district. The property consists of two buildings totaling 7,500 square feet on a 19,343 square foot lot, zoned M-1. Built in 1969, the property boasts 100% occupancy with two established tenants: a 4,500 square foot Cuban restaurant and a 3,000 square foot Mexican grocery store. Each building features a convenient rear overhead door for efficient deliveries. The property offers ample parking with 21 spaces available. The asking price is $479,000, with a current Net Operating Income (NOI) of $46,800, making this a strong, stabilized investment. The lease type is modified, and the property is situated on a high-traffic section of 2nd Avenue, ensuring excellent visibility and accessibility for both tenants and customers. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a prime Des Moines location. The property's strong tenant base and high occupancy rate make it an attractive investment for those seeking stable income and potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6202
- Latitude
- 41.6054
- 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
$4,476
$28,100
$143,900
$172,000
-
$28,100
$143,900
$172,000
