Financial
Distress signals
Property profile

1615 Locust St Des Moines, IA 50309

OFF-MARKET
Investment properties
Property ID
US25-0279539
336,394 SF 2.19 ac lot Built 1998
Last sale Mar 2023 · $29,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$811k
Tax billed · 2020

Value estimate

· Sep 2026
$30.13M
$27.12M – $33.14M
Submarket $/SF estimate$29.10M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$177/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$79 – $291

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-3A
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop9.2
Dry Cleaner8.9
Locksmith8.9

Location

1615 Locust St Des Moines, IA 50309
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
207 9th, Des Moines, IA 50309-3601 $32,000,000 May 2025 54,368 SF
218 6th, Des Moines, IA 50309-4013 $9,200,000 Feb 2023 102,268 SF
301 Grand, Des Moines, IA 50309-1718 $7,100,000 Apr 2022 36,514 SF
555 Walnut, Des Moines, IA 50309-4116 $1,920,000 Nov 2020 110,555 SF
200 Grand, Des Moines, IA 50309-1856 $14,100,000 Oct 2020 55,874 SF
1312 Locust, Des Moines, IA 50309-2900 $10,000,000 Dec 2019 37,112 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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