516 3Rd St Des Moines, IA 50309
- Investment properties
- 14,340 SF
- 0.19 lot acres
Current Use by Public Records
- Juicebox / Software Company / Advertising Agency
- Kinetic Edge Physical Therapy / Physical Therapy Clinic / Occupational Therapist
- Beyond Recovery Massage, LLC / Sports Massage Therapist
- Todd Calvin Schemper / Physical Therapist
- SitelogIQ / Corporate Office
Property Details for 516 3Rd St
- Year built
- 1993
- Construction
- FRAME
- Lot size
- 0.19 lot acres
- Property size
- 14,340 SF
- Zone code
- C-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 030/00251-000-000
- APU
- 3000251000000
Description
This exceptional commercial property at 516 3rd Street in Des Moines, Iowa, offers a fantastic opportunity for businesses seeking flexible office space. Located in Polk County, this two-story building boasts a total of 5,505 square feet, currently entirely vacant and ready for immediate occupancy. The property is situated on a generous 1.22-acre lot, providing ample space and potential for future expansion. The building is classified as Retail, Office, and Restaurant, making it suitable for a variety of uses. Currently configured as traditional office space, it offers multiple tenancy options with a minimum divisible space of 1,118 square feet and a maximum contiguous space of 4,387 square feet. This allows for businesses of various sizes to find a suitable fit. The property's address is 516 3rd Street, Des Moines, IA 50309. Its prime location in Des Moines offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish a strong presence in the area. The entire 5,505 square feet is available for lease, presenting a unique chance to secure a substantial and versatile commercial space in a thriving Iowa market. Contact us today to learn more about this exciting opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,830,000
- 6.5%
- $1,690,000
- 7%
- $1,675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,830,000
- Geo Method
- $1,815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,065,000
- Retail
- $1,870,000
- Mixed-Use
- $1,660,000
- Hospitality
- $2,140,000
- Educational
- $1,805,000
- Residential Income
- $1,955,000
- Energy
- $1,780,000
- Income-Based Land
- $1,825,000
- Food Service
- $1,555,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6218
- Latitude
- 41.5891
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
