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    Property profile & analytics

    1501 Euclid Ave Des Moines, IA 50313-4725

    • Drive through restaurants
    • 3,123 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    Jul 29, 2021
    $500,000
    Location Intelligence
    Property ID
    US25-0217688
    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.

    Current Use by Public Records

    • The Chicken Shack / Chicken Restaurant / Chicken Wings Restaurant

    Property Details for 1501 Euclid Ave

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.95 lot acres
    Property size
    3,123 SF
    Zone code
    M-1
    Property type
    Drive through restaurants
    APN
    110/00554-028-007
    APU
    11000554028007

    Description

    This exceptional quick-service restaurant presents a unique investment opportunity. Situated on a 0.952-acre lot (41,481 square feet) at the desirable intersection of E 14th Street and E Euclid, this single-tenant property boasts a substantial 3,123 square feet of building space. The convenient drive-thru adds significant operational efficiency and revenue potential. The property's "E 14th Street" zoning designation ensures flexibility for continued operation as a quick-service restaurant. The building is offered as a turnkey operation, minimizing upfront investment and maximizing immediate return. Its strategic location near the E 14th & Euclid intersection guarantees high visibility and accessibility, attracting a large customer base. This stand-alone building offers ample space for both front-of-house operations and back-of-house functions, including kitchen preparation and storage. The substantial lot size provides ample parking and potential for future expansion or outdoor seating. This is an exceptional opportunity to acquire a thriving, established business in a prime location with significant growth potential. The property is ready for immediate occupancy and offers a strong return on investment. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $465,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $485,000
      Mixed-Use
      $465,000
      Hospitality
      $500,000
      Educational
      $405,000
      Residential Income
      $375,000
      Energy
      $450,000
      Income-Based Land
      $515,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5986
    Latitude
    41.6273
    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
    $29,148
    $293,000
    $256,000
    $549,000
    -
    $293,000
    $256,000
    $549,000

    Comparable in this City

    • Value Estimation
      $95,000
      880 SF

      2705 6th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 880 SF
      2705 6th Ave, Des Moines, IA 50313-4124
      View Details
    • Value Estimation
      $310,000
      1,980 SF

      3702 2nd Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,980 SF
      3702 2nd Ave, Des Moines, IA 50313-4408
      View Details
    • Value Estimation
      $285,000
      1,396 SF

      3815 14th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,396 SF
      3815 14th St, Des Moines, IA 50313-3811
      View Details
    • Value Estimation
      $180,000
      1,828 SF

      1600 Euclid Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,828 SF
      1600 Euclid Ave, Des Moines, IA 50313-3012
      View Details
    • Value Estimation
      $415,000
      2,845 SF

      3915 14th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,845 SF
      3915 14th St, Des Moines, IA 50313-3129
      View Details
    • Value Estimation by Request
      1,080 SF

      4275 2nd St

      RESTAURANT • 1,080 SF
      4275 2nd St, Des Moines, IA 50313-2701
      View Details

    Similar Nearby for Sale

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      Stabilized Retail Investment Property

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    Similar Nearby for Lease

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    • $19 SF/Yr
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    • $15 SF/Yr
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    • $12 SF/Yr
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      Flex space • 8,500 SF
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    • $13 SF/Yr
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      Des Moines Industrial Flex Space

      10,500 SF Flex Warehouse, 4.65 Acres
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    1501 Euclid Ave
    Des Moines, IA 50313-4725
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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