4807 14Th StDes Moines, IA 50320

Property Details for 4807 14Th St

Year built

2000

Construction

FRAME

Lot size

0.96 AC

Property size (Sq ft)

3,944 SF

Zone code

C-2

Property type

Turn key restaurants

APN

120/07177-004-000

APU

12007177004000

Description

This exceptional 5.66-acre commercial and residential land parcel presents a unique investment opportunity in Des Moines, Polk County. Strategically located on SE 14th Street and McKinley Avenue, this property boasts direct signalized access to SE 14th Street, ensuring high visibility and convenient access for potential tenants and customers. The site benefits from its proximity to a Walmart Supercenter and other prominent national retailers including The Home Depot, PetSmart, Menards, Hobby Lobby, and Target, guaranteeing substantial foot traffic and brand synergy. All utilities are readily available, simplifying development and reducing upfront costs. Internal access roads are already completed, further enhancing the site's practicality and appeal. The property is zoned C-2 by the City of Des Moines, allowing for a variety of potential uses, including retail, office, medical facilities, and multi-family residential developments. Its location near the Macerich-owned Southridge Mall, now a thriving mixed-use center anchored by Target and featuring Hy-Vee, DMACC, AMC Theatres, and over 30 retail and dining options, adds to its desirability. This prime location offers unparalleled exposure and access to a large and diverse customer base, making it an ideal site for a wide range of commercial ventures. The existing infrastructure, including readily available utilities and completed internal access roads, significantly reduces development time and expenses. This is a rare opportunity to acquire a highly desirable, well-located parcel in a rapidly growing area of Des Moines.

• CAP approach

  CAP return

  Valuation

  6%

  $1,010,962

  6.5%

  $933,195

  7%

  $866,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $507,280

  Geo Method

  $507,280

• Alternative Use

  Use

  Valuation

  Residential

  $787,185

  Hospitality

  $721,057

  Educational

  $599,911

  Medical

  $620,543

  Retail

  $933,195

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5395

Longitude

-93.5961

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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