2324 9Th StDes Moines, IA 50315

Property Details for 2324 9Th St

Year built

1969

Construction

FRAME

Lot size

0.12 AC

Property size (Sq ft)

1,014 SF

Zone code

C-1

Property type

Retail space

APN

010/00840-002-002

APU

1000840002002

Description

This exceptional commercial property, situated at 2324 SW 9th Street in Des Moines, Iowa, presents a compelling investment opportunity. Encompassing 1,014 square feet, this property is classified as both retail and industrial, offering versatility for a range of uses. Constructed in 1969, the building sits on a 0.11-acre lot in the desirable southside of Des Moines. Its location on SW 9th Street ensures excellent visibility and accessibility. The property's proximity to popular local restaurants like Angry Goldfish and Baratta's adds to its appeal. This location offers convenient access to downtown Des Moines, making it an attractive option for businesses seeking a blend of urban convenience and visibility. The asking price is $50,000. This property is ideal for investors seeking a redevelopment project or entrepreneurs looking for a prime location to establish their business. The property's versatility and strategic location make it a strong contender in the Des Moines commercial real estate market. The zip code is 50315, and the property is located in Polk County.

• CAP approach

  CAP return

  Valuation

  6%

  $259,909

  6.5%

  $239,916

  7%

  $222,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,421

  Geo Method

  $130,421

• Alternative Use

  Use

  Valuation

  Residential

  $202,378

  Hospitality

  $185,377

  Educational

  $154,232

  Medical

  $159,536

  Retail

  $239,916

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5651

Longitude

-93.6241

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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