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Property profile & analytics
FOR LEASE
Turn key restaurants

2120 Ingersoll Ave Des Moines, IA 50312

5,496 SF 0.39 ac lot Built 2021
Individually Owned 5-yr Hold Free & Clear
Property ID
US25-1233564
Property summary
AI-generated overview

This exceptional 5,496-square-foot retail property, built in 2021, is ideally situated in Des Moines, Iowa, within the MX2 Mixed Use District. The building, which sits on a 0.435-acre lot, boasts a prime location offering excellent visibility and high traffic counts. Previously used as a restaurant and bar, this two-story building is currently vacant and ready for immediate occupancy. Architectural design elements and high-end finishes are present throughout. The property includes two 5,000-gallon grease interceptors, a significant advantage for food service businesses. The building features rooftop patios, adding to its appeal and potential for outdoor seating or other uses. Its versatile zoning allows for a variety of uses, making it an attractive opportunity for various businesses. The property's location near downtown Des Moines ensures high foot traffic and visibility, making it an ideal location for a restaurant, bar, or other commercial enterprise. This is a turnkey opportunity for a business seeking a well-appointed space in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2021
Construction STEEL FRAME
Total area 5,496 SF
Lot 0.39 ac (17,175 SF)
Zoning code C-2
APN 030/06217-009-000
UPID US25-1233564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Edwin Allen · 5 yrs held
Edwin Allen
since 2020
Last sale
$75,000
5 recorded transactions
2025
Price N/A
2020
Price N/A
2020
Price N/A
2020
$525,000
2020
Price N/A
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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