1631 2Nd Ave Des Moines, IA 50314
- Investment properties
- 9,409 SF
- 0.82 lot acres
Current Use by Public Records
- White Cap / Industrial Equipment Supplier / Safety Equipment Supplier
Property Details for 1631 2Nd Ave
- Year built
- 1987
- Construction
- STEEL FRAME
- Lot size
- 0.82 lot acres
- Property size
- 9,409 SF
- Zone code
- M-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 080/05845-001-001
- APU
- 8005845001001
Description
This Des Moines, IA industrial property, located at 1631 2nd Ave, offers a compelling investment opportunity. Priced at $1,250,000, this 9,409 square foot flex space sits on a 0.822-acre lot and boasts a price per square foot of $132.85. Currently 100% occupied by White Cap under a NNN lease expiring October 2024, with a five-year renewal option anticipated to increase rent by 5-9%. The property includes an adjacent paved lot at 1620 Maine St, providing valuable outdoor storage currently utilized by the tenant. This turnkey investment is ideal for a 1031 exchange or other investment strategies. The tenant is responsible for all CAM charges. The property is located in Polk County, Iowa, with the address 1631 2nd Ave, Des Moines, IA 50314. This single-tenant property presents a strong potential for future income growth and a solid return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6191
- Latitude
- 41.6089
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
