300 5th St Des Moines, IA 50309-4630
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Building
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Restaurant
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Restaurant
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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