2001 Westown Pkwy West Des Moines, IA 50265
- Investment properties
- 17,509 SF
- 2.55 lot acres
Current Use by Public Records
- Heidi M. Goepp DDS PLC / Dentist
- Farm Bureau Financial Services / Auto Insurance Agency / Home Insurance Agency
- Valley Optical / Optician / Eye Care Center
- Allergy Institute P.C. / Allergist / Medical Clinic
- Valley Optical Shoppes: Aljets Steven A OD, McAdams Joseph OD / Optometrist
Property Details for 2001 Westown Pkwy
- Year built
- 1997
- Construction
- FRAME
- Lot size
- 2.55 lot acres
- Property size
- 17,509 SF
- Zone code
- PCP
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 320/04947-031-201
- APU
- 32004947031201
Description
This exceptional two-story office building, situated at 2001 Westown Parkway in West Des Moines, Iowa, presents a compelling investment opportunity. Spanning 17,509 square feet on a 2.55-acre lot, the property boasts a desirable location just off 22nd Street and minutes from I-235. Built in 1997, the building features nine commercial units currently occupied at 78% capacity, providing immediate cash flow. The diverse tenant mix includes established businesses such as Allergy Institute, P.C., Geopp Family Dental, and Valley Optical. Ample parking is available with 70 spaces. The property benefits from its proximity to thriving commercial areas and residential communities, and is further enhanced by recent developments in the immediate vicinity, including the completed West Bank and ClaimDoc headquarters building, as well as the renovated Westowne Center. The asking price is $1,875,000, translating to $107.09 per square foot. Annual property taxes are $40,420. This value-add investment offers significant potential for growth in a highly sought-after location. The 3,265 square foot vacancy presents an opportunity to increase rental income. This property is an excellent addition to any commercial real estate portfolio.
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
- West Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.7331
- Latitude
- 41.5995
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA