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Property profile & analytics
FOR SALE
Medical Office Space

2940 Ingersoll Ave Des Moines, IA 50312

5,332 SF 0.27 ac lot Built 1963
Entity Owned 2-yr Hold Free & Clear
Property ID
US25-0438431
Property summary
AI-generated overview

This exceptional 1,653 square foot medical office space, located at 2940 Ingersoll Ave in Des Moines, Iowa, presents a fantastic opportunity for a medical practice seeking a flexible and well-situated location. The space is situated within a larger 4,296 square foot building, offering a Class B office environment built in 1963. The unit is currently vacant and has been completely demoed, providing a blank canvas for a custom build-out to perfectly suit your specific needs. The space boasts a 10-foot ceiling height and benefits from ample off-street and street parking. The property sits on a 0.273-acre lot in the desirable near west side of Des Moines, offering excellent visibility and accessibility on the busy Ingersoll Avenue, conveniently close to the I-235 31st Street exit. Shared restrooms are available in the common area, with the potential for dedicated restrooms within the unit. The location is also advantageous for staff and clients, with numerous nearby lunch options including Eatery A, the Cheese Bar, and Jesse's Embers. This property is in Polk County, Iowa, and has a zip code of 50312. The multiple tenancy building offers a vibrant and collaborative atmosphere. Don't miss this chance to establish your practice in a prime Des Moines location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1963
Construction STEEL FRAME
Total area 5,332 SF
Lot 0.27 ac (11,906 SF)
Zoning code NPC
APN 090/05582-000-000
UPID US25-0438431
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
  • Frederick Aldrich, M.d. Pediatrician Medical Clinic
  • Kirk Bragg, LISW Physician
  • Behavioral Medicine Center Family Counselor
  • Pediatrics & Adolescent Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
$950k
Comparable Approach Comparable
$649k
Blend (final) Blend
$805k
Owner & transaction history
Bienville LLC · 2 yrs held
Bienville LLC
since 2023
Last sale
$770,000
2 recorded transactions
2023
$770,000
2023
Price N/A
Zoning & alternative use
NPC · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $920,000 +3.5%
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