Technical
Financial
Distress signals
Property profile

2715 E University Ave Des Moines, IA 50317

FOR SALE
Retail space
Property ID
US25-0171083
4,864 SF 0.52 ac lot Built 1978
Individually Owned 7-yr Hold Absentee Owner Free & Clear
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2715 E University Ave, Des Moines, IA 50317 For Sale
Contact for pricing 4,864 SF
2715 E University Ave, Des Moines, IA 50317
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Property summary

AI-generated overview

This exceptional Des Moines investment opportunity encompasses a 2.06-acre parcel featuring a 4,864 square foot commercial storefront currently operating as a shop. The property is zoned MX3 and boasts outstanding frontage on East University Avenue, providing excellent visibility and accessibility. Its strategic location offers close proximity to Interstate 235, ensuring convenient access for customers and employees. The asking price is $1,250,000, translating to $13.91 per square foot. This represents a compelling redevelopment opportunity. The sale includes not only the commercial shop but also five additional residential houses situated on the property, presenting significant potential for future development or rental income. The single-tenant storefront provides immediate cash flow, while the expansive lot size and multiple structures offer considerable flexibility for a variety of future uses. This property is ideally suited for an investor seeking a high-return opportunity in a rapidly growing area of Des Moines, Iowa, with its prime location and substantial land area. The property's zoning and proximity to major transportation routes make it an attractive prospect for a wide range of commercial and residential ventures. This is a rare chance to acquire a substantial holding in a desirable location. The zip code is 50317, located in Polk County.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 4,864 SF
Lot 0.52 ac (22,496 SF)
Zoning code C-1
APN 050/01264-001-000
UPID US25-0171083

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Garden Center

Location

2715 E University Ave Des Moines, IA 50317
Des Moines metro Census 2100 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2019
2 recorded transactions
2019
$140,000
2017
$220,000

Zoning & alternative use

C-1 · Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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