16 Orleans St Memphis, TN 38105

This exceptional 7,920-square-foot retail property, located at 111 11th Street in Des Moines, Iowa, presents a unique redevelopment opportunity. Situated on a 0.4-acre lot, this single-tenant building, constructed in 1940, offers significant potential for investors. The property boasts 42 parking spaces and benefits from its prime location in the Central Business District, providing excellent proximity to major transportation hubs. Currently vacant, the entire 7,920 square feet is available for immediate redevelopment. The existing zoning, DX1, allows for a variety of uses, and notably, pre-approved plans exist for a mixed-use development incorporating approximately 90 apartment units. This presents a compelling opportunity to capitalize on the strong demand for residential and commercial space in this thriving area. The property's proximity to key businesses such as Hotel Fort Des Moines (Hilton), EMC Insurance, Wellmark, Community Choice Credit Union, YMCA, and Exile Brewing Company further enhances its desirability and potential for strong returns. This is a rare chance to acquire a substantial property in a highly sought-after location with significant upside potential. The property's address is 111 11th St, Des Moines, IA, and the Assessor's Parcel Number (APN) is 020/016102-001-000. The cross street is Cherry St.