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Property profile & analytics
FOR LEASE
Commercial real estate

2700 Ingersoll Ave Des Moines, IA 50312

32,437 SF 2.29 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-0009220
Property summary
AI-generated overview

This exceptional 32,418-square-foot retail center, situated on 2.293 acres at 2700 Ingersoll Avenue in Des Moines, Iowa, presents a unique investment opportunity. Built in 1997 and extensively renovated in 2019, this single-story building boasts a prime location in the Grand/Ingersoll Avenue corridor, a submarket known for its strong demographics and limited available inventory. The property is zoned NPC and features two suites, with a minimum divisible space of 8,910 square feet. Currently, the entire 32,418 square feet is vacant, offering significant flexibility for potential tenants. The center benefits from its adjacency to a new Starbucks and the MoLo boutique hotel, enhancing visibility and foot traffic. Existing tenants in the plaza include well-established businesses such as Taco John's, Panchero's, Firehouse Subs, and Panka Peruvian Restaurant, creating a vibrant and diverse retail environment. This property offers a rare chance to establish a presence in a thriving Des Moines location with excellent access and high visibility. The zip code is 50312.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1997
Construction STEEL FRAME
Total area 32,437 SF
Lot 2.29 ac (99,883 SF)
Zoning code NPC
APN 030/04791-002-000
UPID US25-0009220
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
Current use
Occupant on record · Public records
  • OfficeMax Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
  • OfficeMax Tech Services Tech Support Center IT Consulting Firm
  • FedEx ShipSite Postal Service Courier Service
  • Hy-Vee Pharmacy Pharmacy
  • OfficeMax (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.11M
CAP Approach CAP
$5.11M
Comparable Approach Comparable
$3.16M
Blend (final) Blend
$5.27M
Owner & transaction history
Ingersoll Properties Group LLC · 4 yrs held
Ingersoll Properties Group LLC
since 2021
Last sale
$4.5M
7 recorded transactions
2021
Price N/A
2020
Price N/A
2016
$4.5M
2013
$3.0M
2013
$2.2M
2007
$3.1M
1969
Price N/A
Zoning & alternative use
NPC · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $5.6M +67.7%
Medical building $5.4M +62.1%
Restaurant $5.0M +50.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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