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Property profile & analytics

1800 2nd St Des Moines, IA 50315-7147

  • Investment properties
  • 57,500 SF
  • 3.82 lot acres
OFF-MARKET
Value Estimation
$865,000
Location Intelligence
Property ID
US25-0111266
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

  • Rees Associates, Inc. / Manufacturer / Marketing Agency

Property Details for 1800 2nd St

Year built
1991
Construction
STEEL FRAME
Lot size
3.82 lot acres
Property size
57,500 SF
Zone code
D-R
Property type
Investment properties
Property subtype
Live-work space
APN
020/02583-001-000
APU
2002583001000

Description

This exceptional investment opportunity presents two warehouse buildings totaling 88,707 net rentable square feet on a 5.34-acre lot in Des Moines, Iowa. Located at 1800 and 1918 Southwest 2nd Street, this fee-simple property boasts 20 dock-high doors and is currently 100% occupied by the owner under a proposed one-year triple-net leaseback with two one-year options. Built in 1967 and 1983, the Class C buildings are situated in a prime location within Polk County, zip code 50315, offering significant redevelopment potential. The property's DXR zoning allows for mixed-use development, making it ideal for multi-family and retail projects. This location is particularly attractive due to its proximity to the Raccoon River, Columbus Park, and planned improvements to the downtown riverfront area, including a new riverfront park, soccer stadium, and green ring. The strong submarket boasts a 95% multi-family occupancy rate and a 7% retail vacancy rate, indicating a robust and growing area. This sale-leaseback structure provides immediate cash flow while allowing for future redevelopment plans. The property's location offers skyline views and is within walking distance of stadium and market districts. This is a unique opportunity to acquire a substantial property in a rapidly developing area of Des Moines.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Des Moines
County
Polk
State
Iowa
Longitude
-93.6194
Latitude
41.5749
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
$40,282
$317,000
$1,343,000
$1,660,000
-
$317,000
$1,343,000
$1,660,000
More about this property
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