Des Moines, IA Senior Housing / Retirement Homes for Sale

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Urbandale, IA Windsor Heights, IA Pleasant Hill, IA

$2,200,000

66,400 SF

Retail Mall Redevelopment Opportunity

3850 Merle Hay Rd, Des Moines, IA 50310

Anchored retail center with indoor, direct access and strong corridor exposure along high-traffic Merle Hay Road.

66,400 SF Merle Hay Mall retail center (incl. a six‑story high‑rise) built in 1966
Zoned C‑4 and located on high‑traffic Merle Hay Road in Des Moines
Direct, indoor access to a super‑regional mall
Controlled, full‑movement lighted intersection plus multiple lot entrances for access
Ample surface and covered parking with multiple entrances

Updated: Jan 25, 2021

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$1,600,000

67,325 SF

Former Office Building with Theater

3850 Merle Hay Rd, Des Moines, IA 50310

Former office building with attached theater, suitable for redevelopment.

Direct connection to Merle Hay Mall providing immediate access to grocery, lifestyle, apparel, entertainment, and the bus line.
Suitable for Seniors Housing or Multi‑family project.
Large 12,400 SF former theater space adaptable for event space, medical facility, dining hall, or additional units.
Six (6) floors of 9,000 square foot space each.
Impressive Walkability Score of 74.

Updated: Aug 24, 2020

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Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 2 Active listings in Des Moines, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 19 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Senior Apartment Complex with Controlled Access

$4,650,000

2.83 Acres

Senior Apartment Complex with Controlled Access

HUD apartment complex for 62+ with individual AC and pull cord call systems, plus laundry and patios.

5300 Stone Ave, Sioux City, IA 51106

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Independent Senior Living Cooperative Unit

$120,000

1,229 SF

Independent Senior Living Cooperative Unit

Independent senior living cooperative unit with recent updates and amenities.

1370 SW Magazine Road #116, Ankeny, IA 50023

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$117,500

750 SF

Ankeny 55+ Community Condo

Well-maintained 1 bed, 1 bath condo in vibrant community.

409 SE Delaware Avenue #207, Ankeny, IA 50021

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$4,650,000

2.83 Acres

Apartment Complex for Senior Living

70-unit apartment complex for residents 62 years and older.

5300 Stone Ave, Sioux City, IA 51106

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$425,000

3.00 Acres

Prime Vacant Land in Janesville

Three-acre vacant parcel ideal for development in Janesville, Minnesota.

200 E North Street, Janesville, MN 56048

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$450,000

1.44 Acres

Mankato Multifamily Development Site

1.44 acre development site ideal for multifamily housing.

Agency Trail, Mankato, MN 56001

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$411,800

0.95 Acres

Commercial Lot with Highway Visibility

Vacant commercial lot suitable for various business ventures.

Lot 22 Gabrielle Way, Onalaska, WI 54650

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$65,000

0.18 Acres

Residential Lot in 55+ Community

Vacant lot in Peculiar, Missouri, ready for new construction.

22617 Vincent Street, Peculiar, MO 64078

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Off-Market Properties in Des Moines, IA

Consider similar Off-Market properties in Des Moines, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HOMES (RETIRED, NURSING)

28,912 SF Lot: 1.86 Acres

Estimated value

$5,750,000

5608 9th St, Des Moines, IA 50315-5003

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HOMES (RETIRED, NURSING)

3,537 SF Lot: 0.38 Acres

Value Estimation by Request

1200 Williams St, Des Moines, IA 50317-6846

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HOMES (RETIRED, NURSING)

28,809 SF Lot: 1.06 Acres

Estimated value

$505,000

2401 8th St, Des Moines, IA 50316-1717

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HOMES (RETIRED, NURSING)

4,998 SF Lot: 9.38 Acres

Value Estimation by Request

3000 Easton Blvd, Des Moines, IA 50317-3124

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HOMES (RETIRED, NURSING)

9,470 SF Lot: 2.50 Acres

Value Estimation by Request

900 56th St, Des Moines, IA 50312-1806

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HOMES (RETIRED, NURSING)

37,720 SF Lot: 0.71 Acres

Estimated value

$680,000

701 Riverview St, Des Moines, IA 50316-2343

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HOMES (RETIRED, NURSING)

6,073 SF Lot: 0.77 Acres

Value Estimation by Request

3355 Douglas Ave, Des Moines, IA 50317-4312

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HOMES (RETIRED, NURSING)

52,919 SF Lot: 4.63 Acres

Estimated value

$715,000

4911 19th St, Des Moines, IA 50315-4487

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HOMES (RETIRED, NURSING)

83,885 SF Lot: 1.57 Acres

Estimated value

$1,335,000

2910 16th St, Des Moines, IA 50316-1825

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HOMES (RETIRED, NURSING)

11,608 SF Lot: 1.19 Acres

Value Estimation by Request

3806 Easton Blvd, Des Moines, IA 50317-5730

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HOMES (RETIRED, NURSING)

12,051 SF Lot: 2.70 Acres

Value Estimation by Request

3401 Douglas Ave, Des Moines, IA 50317-4352

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HOMES (RETIRED, NURSING)

78,390 SF Lot: 3.04 Acres

Estimated value

$1,510,000

900 Polk Blvd, Des Moines, IA 50312-2225

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HOMES (RETIRED, NURSING)

58,230 SF Lot: 3.37 Acres

Estimated value

$1,415,000

1555 Hull Ave, Des Moines, IA 50316-1341

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HOMES (RETIRED, NURSING)

7,567 SF Lot: 0.73 Acres

Value Estimation by Request

5631 Francis Ave, Des Moines, IA 50310-1000

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HOMES (RETIRED, NURSING)

6,965 SF Lot: 0.91 Acres

Value Estimation by Request

4216 Easton Blvd, Des Moines, IA 50317-2807

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HOMES (RETIRED, NURSING)

6,881 SF Lot: 0.69 Acres

Value Estimation by Request

4220 Douglas Ave, Des Moines, IA 50317-8020

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HOMES (RETIRED, NURSING)

10,110 SF Lot: 1.42 Acres

Value Estimation by Request

940 Cummins Pkwy, Des Moines, IA 50312-1100

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HOMES (RETIRED, NURSING)

5,160 SF Lot: 0.98 Acres

Value Estimation by Request

3610 42nd St, Des Moines, IA 50310-4158

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HOMES (RETIRED, NURSING)

6,581 SF Lot: 0.35 Acres

Value Estimation by Request

3114 42nd St, Des Moines, IA 50317-4051

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Des Moines, IA Senior Housing / Retirement Homes Investment Opportunities Market Analysis

Explore 21 senior housing / retirement homes for sale in Des Moines, IA on our real estate platform. These investment opportunities span a total of 133,725 square feet of properties for sale, with an estimated market value of $3,800,000.

Sale prices for assisted living facilities in Des Moines, IA start at $1,600,000, averaging $1,900,000, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Property Size Breakdown

The majority of commercial real estate listings in Des Moines fall within the 100,000+ square foot range.

Demographics Overview

Population 306K

Population Growth (5Y) +2.6%

Median Household Income $80,154

College Educated 12.6%

High-Yield Neighborhoods for Investment

Identify Des Moines submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
50310	$1.6M

Taxes & Financing

Tax Rate (average for all types) 3.09%

Property Tax per SF $42.10 per sq ft

Tax Rate vs County Average 0.49 pp above county avg

Average Loan-to-Value 65.0%

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Des Moines, IA Senior Housing / Retirement Homes for Sale

Retail Mall Redevelopment Opportunity

Anchored retail center with indoor, direct access and strong corridor exposure along high-traffic Merle Hay Road.

Former Office Building with Theater

Former office building with attached theater, suitable for redevelopment.

Opportunities in Nearby Cities

Senior Apartment Complex with Controlled Access

Independent Senior Living Cooperative Unit

Ankeny 55+ Community Condo

Apartment Complex for Senior Living

Potential Development Sites for Consideration

Prime Vacant Land in Janesville

Mankato Multifamily Development Site

Commercial Lot with Highway Visibility

Residential Lot in 55+ Community

Off-Market Properties in Des Moines, IA

5608 9th St, Des Moines, IA 50315-5003

1200 Williams St, Des Moines, IA 50317-6846

2401 8th St, Des Moines, IA 50316-1717

3000 Easton Blvd, Des Moines, IA 50317-3124

900 56th St, Des Moines, IA 50312-1806

701 Riverview St, Des Moines, IA 50316-2343

3355 Douglas Ave, Des Moines, IA 50317-4312

4911 19th St, Des Moines, IA 50315-4487

2910 16th St, Des Moines, IA 50316-1825

3806 Easton Blvd, Des Moines, IA 50317-5730

3401 Douglas Ave, Des Moines, IA 50317-4352

900 Polk Blvd, Des Moines, IA 50312-2225

1555 Hull Ave, Des Moines, IA 50316-1341

5631 Francis Ave, Des Moines, IA 50310-1000

4216 Easton Blvd, Des Moines, IA 50317-2807

4220 Douglas Ave, Des Moines, IA 50317-8020

940 Cummins Pkwy, Des Moines, IA 50312-1100

3610 42nd St, Des Moines, IA 50310-4158

3114 42nd St, Des Moines, IA 50317-4051

Des Moines, IA Senior Housing / Retirement Homes Investment Opportunities Market Analysis

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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