Senior Housing

Des Moines, IA Senior Housing / Retirement Homes for Sale

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Former Office Building with Theater
Updated: Aug 24, 2020
Former Office Building with Theater

3850 Merle Hay Rd, Des Moines, IA 50310

Contact for pricing
67,325 sqft
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.
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See hot listings in Des Moines

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 1 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

Opportunities in Nearby Cities

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

32-Unit Senior Housing Property
32-Unit Senior Housing Property

3200 Maple Ave Unit 2, Slayton, MN 56172

$599,900
27,513 sqft

One-bedroom layouts include common areas, on-site parking, and individually metered electric.

View details
32-Unit Senior Apartment Building
32-Unit Senior Apartment Building

3200 Maple Avenue, Slayton, MN 56172

$599,900
0.88 AC lot

The consistent one-bedroom layout includes shared spaces, an elevator, and individually metered electric service.

View details
Single-Level Assisted Living Facility
Single-Level Assisted Living Facility

437 JEFFERSON RD, Fremont, NE 68025

Contact for pricing
5,073 sqft

Established care-facility layout with private rooms, common areas, offices, and adaptable interior space.

View details
Historic Senior Housing Property
Historic Senior Housing Property

915 N H ST, Fremont, NE 68025

Contact for pricing
17,703 sqft

Distinctive 1880 property with bedrooms, private offices, gathering areas, and flexible spaces for specialized residential operations.

View details

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.

5608 9th St
HOMES (RETIRED, NURSING)

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

Estimated value:
$5,750,000
28,912 sqft 1.86 AC lot
View details
1200 Williams St
HOMES (RETIRED, NURSING)

1200 Williams St, Des Moines, IA 50317-6846

Estimated value:
$295,000
3,537 sqft 0.38 AC lot
View details
2401 8th St
HOMES (RETIRED, NURSING)

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

Estimated value:
$505,000
28,809 sqft 1.06 AC lot
View details
3000 Easton Blvd
HOMES (RETIRED, NURSING)

3000 Easton Blvd, Des Moines, IA 50317-3124

Estimated value:
$245,000
4,998 sqft 9.38 AC lot
View details
900 56th St
HOMES (RETIRED, NURSING)

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

Estimated value:
$255,000
9,470 sqft 2.50 AC lot
View details
701 Riverview St
HOMES (RETIRED, NURSING)

701 Riverview St, Des Moines, IA 50316-2343

Estimated value:
$680,000
37,720 sqft 0.71 AC lot
View details
3355 Douglas Ave
HOMES (RETIRED, NURSING)

3355 Douglas Ave, Des Moines, IA 50317-4312

Estimated value:
$200,000
6,073 sqft 0.77 AC lot
View details
4911 19th St
HOMES (RETIRED, NURSING)

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

Estimated value:
$715,000
52,919 sqft 4.63 AC lot
View details
2910 16th St
HOMES (RETIRED, NURSING)

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

Estimated value:
$1,335,000
83,885 sqft 1.57 AC lot
View details
3806 Easton Blvd
HOMES (RETIRED, NURSING)

3806 Easton Blvd, Des Moines, IA 50317-5730

Estimated value:
$350,000
11,608 sqft 1.19 AC lot
View details
3401 Douglas Ave
HOMES (RETIRED, NURSING)

3401 Douglas Ave, Des Moines, IA 50317-4352

Estimated value:
$320,000
12,051 sqft 2.70 AC lot
View details
900 Polk Blvd
HOMES (RETIRED, NURSING)

900 Polk Blvd, Des Moines, IA 50312-2225

Estimated value:
$1,510,000
78,390 sqft 3.04 AC lot
View details
1555 Hull Ave
HOMES (RETIRED, NURSING)

1555 Hull Ave, Des Moines, IA 50316-1341

Estimated value:
$1,415,000
58,230 sqft 3.37 AC lot
View details
5631 Francis Ave
HOMES (RETIRED, NURSING)

5631 Francis Ave, Des Moines, IA 50310-1000

Estimated value:
$280,000
7,567 sqft 0.73 AC lot
View details
4216 Easton Blvd
HOMES (RETIRED, NURSING)

4216 Easton Blvd, Des Moines, IA 50317-2807

Estimated value:
$250,000
6,965 sqft 0.91 AC lot
View details
4220 Douglas Ave
HOMES (RETIRED, NURSING)

4220 Douglas Ave, Des Moines, IA 50317-8020

Estimated value:
$195,000
6,881 sqft 0.69 AC lot
View details
940 Cummins Pkwy
HOMES (RETIRED, NURSING)

940 Cummins Pkwy, Des Moines, IA 50312-1100

Estimated value:
$240,000
10,110 sqft 1.42 AC lot
View details
3610 42nd St
HOMES (RETIRED, NURSING)

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

Estimated value:
$215,000
5,160 sqft 0.98 AC lot
View details
3114 42nd St
HOMES (RETIRED, NURSING)

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

Estimated value:
$280,000
6,581 sqft 0.35 AC lot
View details

Des Moines, IA Senior Housing / Retirement Homes Market Trends and Statistics

Explore 20 senior housing / retirement homes for sale in Des Moines, IA on our real estate platform. These investment opportunities span a total of 67,325 square feet of properties for sale.

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Demographics Overview

Population 306K
Population Growth (5Y) +2.6%
Median Household Income $80,154
College Educated 12.6%

Taxes & Financing

Tax Rate (average for all types) 3.09%
Property Tax per SF $42.10 per SF
Tax Rate vs County Average 0.49 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Polk County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

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

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