3614 6Th AveDes Moines, IA 50313

Property Details for 3614 6Th Ave

Year built

1989

Construction

FRAME

Lot size

0.29 AC

Property size (Sq ft)

15,150 SF

Zone code

C-2

Property type

Retail space

APN

070/04021-001-000

APU

7004021001000

Description

This exceptional opportunity presents three available restaurant spaces within a beautifully renovated, historic building at 3614 6th Ave in Des Moines, Iowa's Highland Park Historic Business District. The property, totaling 10,000 square feet, boasts a full historic renovation completed in 2024, preserving its charm while offering modern amenities. Each space ranges from 1,600 to 2,300 square feet, providing flexibility for various restaurant concepts or boutique shops. The building features excellent street visibility and dedicated parking located behind the building for added convenience. A significant advantage is the inclusion of a grease interceptor, essential for restaurant operations. Furthermore, the property offers a large potential patio space, perfect for outdoor dining or creating an inviting atmosphere. The two-story building, constructed in 1905, is situated in Polk County and offers a negotiable tenant improvement allowance. This is an ideal location for businesses seeking a unique and established setting within a vibrant community. The property's prime location and recent renovation make it a highly desirable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,883,080

  6.5%

  $3,584,381

  7%

  $3,328,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,948,605

  Geo Method

  $1,948,605

• Alternative Use

  Use

  Valuation

  Residential

  $3,023,560

  Hospitality

  $2,769,564

  Educational

  $2,304,245

  Medical

  $2,383,492

  Retail

  $3,584,381

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6283

Longitude

-93.6252

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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