Property summary
This exceptional 7,000 square foot freestanding building, located at 333 5th Street in West Des Moines, Iowa's historic Valley Junction, presents a unique investment opportunity. Recently renovated, this single-tenant property is ideally suited for a restaurant or retail operation. The space boasts a fully equipped, state-of-the-art kitchen featuring a wood-fired grill and Hestan custom appliances, along with a functional bakery. High-end finishes include custom white oak built-in furniture, banquettes, and designer seating. A significant revenue stream is generated by a private event space, complete with a built-in bar, AV equipment, and ample storage, already heavily booked into 2024. This turnkey operation eliminates the need for extensive and costly construction, offering immediate operational capability. Situated in a highly desirable Des Moines location, this property represents a rare chance to acquire an established, profitable business. The building is located in Polk County, Iowa, zip code 50265. The entire 7,000 square feet is currently vacant.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The historic business district designation shall be utilized to denote the old downtown area of Valley Junction. Uses within this area shall include professional offices, restaurants, bar or restaurants, bars, specialty…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
VJHB · West Des Moines, IAThe historic business district designation shall be utilized to denote the old downtown area of Valley Junction. Uses within this area shall include professional offices, restaurants, bar or restaurants, bars, specialty…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The historic business district designation shall be utilized to denote the old downtown area of Valley Junction. Uses within this area shall include professional offices, restaurants, bar or restaurants, bars, specialty…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for VJHB in West Des Moines, IA.
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