4600 9Th St Des Moines, IA 50315
- Investment properties
- 9,156 SF
- 0.47 lot acres
Current Use by Public Records
- Book Prospector / (Bike/Boat/Book/etc) Store
- Printing By Design / Marketing & Advertising / Printing Service
- Ads-R-Us Inc / Advertising Agency / Marketing & Advertising
- IPublishers / Publishing House
Property Details for 4600 9Th St
- Year built
- 1978
- Construction
- STEEL FRAME
- Lot size
- 0.47 lot acres
- Property size
- 9,156 SF
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 120/00087-002-001
- APU
- 12000087002001
Description
This exceptional investment opportunity presents a two-story, 9,100-square-foot executive office building situated on a one-acre lot in Des Moines, Iowa's vibrant 9th Street business corridor. The property, built in 1978, is currently vacant, offering a blank canvas for a new owner. The building's MX-1 zoning provides flexibility for various uses. An adjacent parcel, totaling 0.73 acres with an 11,000-square-foot building (in poor condition), is included in the sale, potentially offering additional parking or redevelopment opportunities. The combined acreage totals approximately one acre, with the possibility of acquiring an additional half-acre. There are no existing leases. The property benefits from a potential facade improvement program offering reimbursements of up to $30,000. The high-traffic location boasts 24,200 vehicles per day, ensuring excellent visibility and accessibility. This is a prime opportunity to acquire a substantial office building in a desirable Des Moines location. The asking price is $775,000.
Value Estimations
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $690,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,350,000 Change: +95% Conversion: Moderate
- RETAIL STORES
- $1,065,000 Change: +54% Conversion: Easy
- WAREHOUSE, STORAGE
- $840,000 Change: +22% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $730,000 Change: +6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6261
- Latitude
- 41.5429
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA