Property profile

555 17Th St Des Moines, IA 50309

FOR LEASE
Retail properties & Spaces
Property ID
US25-2519122
57,220 SF 1.38 ac lot
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Property summary

AI-generated overview

This exceptional 57,220 square foot property, formerly Crescent Chevrolet, presents a unique investment opportunity in the heart of Des Moines, Iowa. Situated at 555 17th Street, this two-story building boasts a spacious, open floor plan ideal for a variety of uses. The adaptable layout is perfect for creative office spaces, retail establishments, or even a restaurant concept. With a minimum divisible space of 1,900 square feet, the property offers flexibility for businesses of various sizes. The entire 57,220 square feet is currently vacant, providing a blank canvas for a new tenant or owner to create their vision. Located in Polk County, this 1.377-acre site benefits from its prominent position on a major downtown thoroughfare, ensuring high visibility and accessibility. The property's size and location make it an attractive option for businesses seeking a substantial presence in Des Moines' vibrant downtown area. The ownership is open to innovative and unique concepts, making this a truly exceptional opportunity for a forward-thinking enterprise. The property is zoned for office and retail use, further enhancing its versatility and potential. This is a rare chance to acquire a large, adaptable space in a prime downtown location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 57,220 SF
Lot 1.38 ac (59,982 SF)
UPID US25-2519122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Butcher
  • Recording Studio
  • Association Or Organization
  • Restaurant
  • Restaurant

Location

555 17Th St Des Moines, IA 50309
Des Moines metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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