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Financial
Distress signals
Property profile

3702 2nd Ave Des Moines, IA 50313

OFF-MARKET
Drive through restaurants
Property ID
US25-0263519
1,980 SF 0.44 ac lot Built 1993
Last sale Jun 2026 · $195,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A drive-through restaurant building of approximately 1,980 square feet with outdoor seating/patio space, configured to support both on-the-go and seated customer service. The property includes a replaced roof and a newly installed grease interceptor, reflecting kitchen/food-service utility infrastructure suitable for daily operations. Located in Highland Park’s historic business district in Des Moines along 2nd Ave and Euclid Ave, it provides street frontage and is positioned for visibility from these corridors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$4k
Tax billed · 2020
Assessed value · 2023$174k
Assessed land$154k
Assessed improvement$20k
Effective rate2.12%

Value estimate

· Oct 2026
$225k
$203k – $248k
AI approach$225k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
Submarket average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$76 – $223
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm28.9
Realty agency28.6
Spa & Massage18.3

Location

3702 2nd Ave Des Moines, IA 50313-4408
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3940 Dixon, Des Moines, IA 50313-3940 $284,000 Feb 2025 2,596 SF
1600 Euclid, Des Moines, IA 50313-3012 $164,000 Jun 2023 1,828 SF
625 46th, Des Moines, IA 50313-2663 $550,000 Jun 2022 1,680 SF
4250 2nd, Des Moines, IA 50313-2702 $70,000 May 2022 1,512 SF
402 Euclid, Des Moines, IA 50313 $450,000 Apr 2022 1,544 SF
1575 66th, Des Moines, IA 50313-1236 $350,000 Oct 2021 2,260 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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