3400 25Th StDes Moines, IA 50317

Property Details for 3400 25Th St

Year built

1978

Construction

STEEL FRAME

Lot size

1.70 AC

Property size (Sq ft)

1,018 SF

Zone code

C-2

Property type

Banks

APN

060/01865-005-000

APU

6001865005000

Description

This exceptional 1,018 square foot freestanding retail building presents a unique redevelopment opportunity in Des Moines, Iowa. Situated on a substantial 1.7-acre lot, this property boasts a prime location, just one minute from I-235, and surrounded by thriving businesses including Hy-Vee, Walgreens, and numerous restaurants. Built in 1978, the structure features reinforced concrete construction with bullet-resistant glass, a testament to its robust build quality. The property's zoning, designated MX3, allows for a wide range of potential uses, maximizing its investment potential. A key feature is the existing seven drive-thru lanes, offering significant flexibility for future development. The asking price is $500,000, translating to $491.16 per square foot. This single-story building presents a rare chance to acquire a strategically located property with significant upside in a bustling Des Moines commercial corridor. The substantial lot size and flexible zoning provide ample room for expansion or repurposing, making this an ideal investment for developers and entrepreneurs seeking a high-impact project. The property's proximity to major transportation arteries and established businesses ensures high visibility and accessibility. This is a truly remarkable opportunity to acquire a well-constructed, strategically positioned property with significant potential for growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $260,930

  6.5%

  $240,858

  7%

  $223,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,936

  Geo Method

  $130,936

• Alternative Use

  Use

  Valuation

  Residential

  $203,173

  Hospitality

  $186,105

  Educational

  $154,838

  Medical

  $160,163

  Retail

  $240,858

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6266

Longitude

-93.5713

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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