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300 5th St Des Moines, IA 50309-4630

OFF-MARKET Commercial real estate Google Maps
49,914 SF 1.13 ac lot Built 2016
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Estimated value
No estimation on file for this property yet.
Property ID US25-2272122

Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2016
Construction CONCRETE
Total area 49,914 SF
Lot 1.13 ac (49,179 SF)
APN 020/01056-004-003
UPID US25-2272122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Restaurant
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2023
Last sale
$16.0M
2 recorded transactions
2023
$16.0M
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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