1800 Keosauqua Way Des Moines, IA 50314

This exceptional Des Moines portfolio offers a unique blend of immediate income and significant long-term development potential. The property comprises a 169-unit self-storage facility with 70% occupancy, a fully leased 5,548 square foot warehouse/office combination, and two vacant lots totaling 1.35 acres. The self-storage facility boasts low operating costs and predictable cash flow, providing a stable income stream during the development phase. The warehouse/office space is 100% occupied by a masonry company, reflecting strong market demand for this type of property. The two vacant lots, situated on a highly trafficked road with over 7,600 vehicles per day, offer substantial frontage for future development projects. Minimal demolition is required, streamlining the development process. The entire portfolio sits on 1.35 acres and includes two buildings, built in 1935 and 1947, with renovations in 1991 and 2016. The property is zoned NX1 and offers a rare opportunity to capitalize on Des Moines's dynamic growth. The asking price is $749,900. This diverse portfolio combines operational income-producing properties with prime land, creating a balanced investment mix ideal for both immediate cash flow and long-term development potential. The combined square footage of all buildings is 58,953. The property is owned by Pavement Plus LLC and is for sale by owner.