2101 University Ave, Des Moines, IA 50311-4403
- Car washes
- 2,520 SF
- 0.36 lot acres
Current Use by Public Records
- Casa Car Wash / Car Wash
Property Details for 2101 University Ave
- Year built
- 1978
- Construction
- STEEL FRAME
- Lot size
- 0.36 lot acres
- Zone code
- C-2
- Property type
- Car washes
- APN
- 080/06733-000-000
- APU
- 8006733000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 5, 2025 | $415,000 | Perrys Service INC | Wash Iowa LLC | Warranty Deed | $293k · Veridian Cu |
| Apr 21, 2022 | $300,000 | Wash Iowa LLC | Casa Car Wash LLC | Warranty Deed | $272k · Midwest Heritage Bank Fsb |
| Apr 21, 2022 | — | Wesh Lowa LLC | — | Deed · related | $272k · Midwest Heritage Bank Fsb |
| Mar 17, 2010 | — | Casa Car Wash LLC | Watts Jerald F Trust | Warranty Deed · related | — |
Description
This exceptional investment opportunity presents a 2,520-square-foot auto shop and car wash located at 2101 University Avenue in Des Moines, Iowa's desirable Drake neighborhood. Built in 1978, this property sits on a 0.364-acre lot and is zoned RX2 Mixed Use District. The facility boasts four drive-in stalls, ensuring efficient operation and convenient access for customers. Currently operating as a self-service car wash, this property offers a compelling 9.48% cap rate, promising immediate and substantial cash flow for investors. The attractive tax benefits further enhance the investment appeal. This property is ideal for both new and experienced investors seeking a profitable venture in a prime location. The asking price is $485,000. This is a rare chance to acquire a well-established business with significant upside potential in a thriving Des Moines neighborhood. Don't miss this opportunity to secure a strong return on investment.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6458
- Latitude
- 41.6007
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
