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Property profile & analytics
OFF-MARKET Estimated value $2,095,000
Investment properties

2150 Grand Ave Des Moines, IA 50312-5304

22,976 SF 1.09 ac lot Built 1987
Entity Owned 9-yr Hold Free & Clear
Property ID
US25-0459947
Property summary
AI-generated overview

This exceptional office property, located at 2150 Grand Avenue in Des Moines, Iowa, offers a substantial 19,692 square feet of space. Currently, one unit is available for lease within this Class B building situated in Polk County, zip code 50312. The property is categorized as both Executive and Traditional Office space, making it suitable for a variety of business needs. The multiple tenancy structure allows for flexibility in lease terms and configurations. The building's prime location in Des Moines provides excellent access to major transportation routes and amenities. This is an opportunity to secure a significant footprint in a desirable area of the city. The property's size and layout are ideal for businesses seeking a prominent presence in the Des Moines market. Interested parties are encouraged to inquire about the available space and lease terms. The address is easily accessible and visible from Grand Avenue, offering high visibility for your business. This is a rare opportunity to lease a substantial amount of office space in a well-established Des Moines location. Further details regarding the available space and lease options are available upon request. The property is ready for immediate occupancy.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1987
Construction CONCRETE
Total area 22,976 SF
Lot 1.09 ac (47,393 SF)
Zoning code C-2
APN 020/00050-004-000
UPID US25-0459947
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
$1.83M
Blend (final) Blend
$2.10M
Owner & transaction history
Aterra 93 2150 Grand Ave Dsm LLC · 9 yrs held
Aterra 93 2150 Grand Ave Dsm LLC
since 2017
3 recorded transactions
2017
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.4M +43.4%
Retail stores $2.7M +13.1%
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