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Property profile & analytics

300 5th St Des Moines, IA 50309-4630

  • Commercial real estate
  • 49,914 SF
  • 1.13 lot acres
OFF-MARKET
Last Sale
Dec 14, 2023
$16,000,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US25-2272122
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Harbach Lofts / Apartment Building
  • St. Kilda Cafe & Bakery / Restaurant
  • St. Kilda / Restaurant

Property Details for 300 5th St

Year built
2016
Construction
CONCRETE
Lot size
1.13 lot acres
Property size
49,914 SF
Property type
Commercial real estate
APN
020/01056-004-003
APU
2001056004003

Description

This exceptional turn-key restaurant in Des Moines, Iowa, is ideally situated at 300 SW 5th St, in the heart of the city, within walking distance of Principal Park and Court Avenue. The property boasts a flexible floor plan encompassing 415 to 2,953 square feet of interior space, perfect for a variety of culinary concepts. The main level features an open floor plan, a fully equipped central bar, an espresso machine, and a spacious mezzanine offering additional seating overlooking the dining area. A significant advantage is the expansive 3,015 square foot basement, complete with a prep kitchen and ample storage, including two walk-in coolers, freezers, stand-up refrigerators, and extensive shelving. The outdoor patio, spanning 415 square feet, provides convenient access to the interior. The property sits on a 49,209 square foot lot and benefits from its proximity to a high-density residential area, with approximately 10,000 apartments within easy walking distance, ensuring a robust customer base. The asking price for this exceptional opportunity is $200,000. This is a rare chance to acquire a fully operational restaurant with significant potential in a vibrant and desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Des Moines
County
Polk
State
Iowa
Longitude
-93.6221
Latitude
41.5813
CBSA code
19780
CBSA name
DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$69,008
$51,660
$878,980
$930,640
-
$51,660
$878,980
$930,640
More about this property
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