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Property profile & analytics
OFF-MARKET Estimated value $520,000
Drive through restaurants

1501 Euclid Ave Des Moines, IA 50313-4725

3,123 SF 0.95 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-0217688
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2000
Construction STEEL FRAME
Total area 3,123 SF
Lot 0.95 ac (41,481 SF)
Zoning code M-1
APN 110/00554-028-007
UPID US25-0217688
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Chicken Shack Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$696k
Blend (final) Blend
$520k
Owner & transaction history
Triple J Commercial Properties LLC · 4 yrs held
Triple J Commercial Properties LLC
since 2021
Last sale
$500,000
2 recorded transactions
2021
$500,000
1969
Price N/A
Zoning & alternative use
M-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $540,000 +11.6%
Medical building $520,000 +7.8%
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