1456 2nd Ave Des Moines, IA 50314-3403

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.