For Sale
$185,000

16 Orleans StMemphis, TN 38105

Prime Des Moines location, 7,920 SF, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Prime Des Moines CBD location.
  • 7,920 SF vacant retail building, single-tenant.
  • Versatile flex space ideal for redevelopment.
  • Approved zoning allows for mixed-use redevelopment (approx. 90 apartment units).
  • Ample parking (42 spaces) and proximity to major transportation.

Property Details for 16 Orleans St

Property type
Land

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.141653226184
Longitude
-90.037821699141
16 Orleans St, Memphis, Tennessee

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16 Orleans St
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