Property summary
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
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store Garden Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Des Moines, IAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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