2715 University Ave Des Moines, IA 50317

Property Details for 2715 University Ave

Year built

1978

Construction

TYPE NOT SPECIFIED

Lot size

0.52 lot acres

Property size

4,864 SF

Zone code

C-1

Property type

Retail space

APN

050/01264-001-000

APU

5001264001000

Description

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.

Location Insight

City

Des Moines

County

Polk

State

Iowa

Longitude

-93.565

Latitude

41.6002

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments