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    Property profile & analytics
    OFF-MARKET
    Retail space

    3614 6th Ave, Des Moines, IA 50313-4106

    15,150 SF 0.29 ac lot Built 1989
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US25-0224257
    Property summary
    AI-generated overview

    This exceptional opportunity presents three available restaurant spaces within a beautifully renovated, historic building at 3614 6th Ave in Des Moines, Iowa's Highland Park Historic Business District. The property, totaling 10,000 square feet, boasts a full historic renovation completed in 2024, preserving its charm while offering modern amenities. Each space ranges from 1,600 to 2,300 square feet, providing flexibility for various restaurant concepts or boutique shops. The building features excellent street visibility and dedicated parking located behind the building for added convenience. A significant advantage is the inclusion of a grease interceptor, essential for restaurant operations. Furthermore, the property offers a large potential patio space, perfect for outdoor dining or creating an inviting atmosphere. The two-story building, constructed in 1905, is situated in Polk County and offers a negotiable tenant improvement allowance. This is an ideal location for businesses seeking a unique and established setting within a vibrant community. The property's prime location and recent renovation make it a highly desirable investment opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1989
    Construction FRAME
    Total area 15,150 SF
    Lot 0.29 ac (12,500 SF)
    Zoning code C-2
    APN 070/04021-001-000
    UPID US25-0224257
    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
    • Decoraciones Joceline Clothing Store
    • Celebrity International Clothing & Food Store African Goods Store Beauty Supply Store
    • Primitive Filmworks Film Production Television Studio
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    36 On 6th LLC · 3 yrs held
    36 On 6th LLC
    since 2022
    Last sale
    $400,000
    6 recorded transactions
    2022
    $400,000
    2018
    2018
    $190,000
    2014
    $225,000
    1969
    1969
    Zoning & alternative use
    C-2 · Des Moines, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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