303 University Ave Des Moines, IA 50314
This exceptional single-story medical office building, located at 303 University Avenue in Des Moines, Iowa, presents a compelling investment opportunity. Boasting 3,623 square feet of well-maintained space, this Class B property is situated on a sizable 0.603-acre lot (26,250 square feet), offering ample parking and visibility. Constructed in 1981 and extensively renovated in 2004, the building benefits from modern updates while retaining its functional layout. The property enjoys a highly desirable location on University Avenue, a major thoroughfare with exceptional daily traffic volume exceeding 16,000 vehicles. Its convenient access and prominent street frontage make it an ideal location for a variety of medical practices. The asking price for this turnkey medical office building is $460,000. This represents a significant opportunity to acquire a well-established property in a thriving Des Moines neighborhood within Polk County, zip code 50314. The property's size, location, and recent renovations make it an attractive investment for both established and emerging medical professionals. This is a rare opportunity to own a well-positioned medical office building in a high-traffic area of Des Moines.
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University Ob/Gyn Physician
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Roach Sheri Physician
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Sherryl L. Link, ARNP Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Des Moines, IADes Moines. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.