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    OFF-MARKET
    Banks

    3400 25th St, Des Moines, IA 50317-3610

    1,018 SF 1.7 ac lot Built 1978
    Entity Owned Free & Clear
    Property ID
    US25-0181886
    Property summary
    AI-generated overview

    This exceptional 1,018 square foot freestanding retail building presents a unique redevelopment opportunity in Des Moines, Iowa. Situated on a substantial 1.7-acre lot, this property boasts a prime location, just one minute from I-235, and surrounded by thriving businesses including Hy-Vee, Walgreens, and numerous restaurants. Built in 1978, the structure features reinforced concrete construction with bullet-resistant glass, a testament to its robust build quality. The property's zoning, designated MX3, allows for a wide range of potential uses, maximizing its investment potential. A key feature is the existing seven drive-thru lanes, offering significant flexibility for future development. The asking price is $500,000, translating to $491.16 per square foot. This single-story building presents a rare chance to acquire a strategically located property with significant upside in a bustling Des Moines commercial corridor. The substantial lot size and flexible zoning provide ample room for expansion or repurposing, making this an ideal investment for developers and entrepreneurs seeking a high-impact project. The property's proximity to major transportation arteries and established businesses ensures high visibility and accessibility. This is a truly remarkable opportunity to acquire a well-constructed, strategically positioned property with significant potential for growth and return.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1978
    Construction STEEL FRAME
    Total area 1,018 SF
    Lot 1.7 ac (73,878 SF)
    Zoning code C-2
    APN 060/01865-005-000
    UPID US25-0181886
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Wells Fargo Drive-Up Bank Bank Loan Service
    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
    IADM NATL BANK
    IADM NATL BANK
    Zoning & alternative use
    C-2 · Des Moines, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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