520 9Th StDes Moines, IA 50309

Property Details for 520 9Th St

Year built

2014

Construction

STEEL FRAME

Lot size

0.37 AC

Property size (Sq ft)

11,910 SF

Property type

Retail space

APN

020/00190-001-010

APU

2000190001010

Description

This exceptional retail space, located at 520 SW 9th Street in Des Moines, Iowa, offers 11,839 square feet of versatile commercial space within the Cityville on 9th Building, Building 520. Situated in Polk County, this multi-tenant property is perfectly positioned in the heart of Downtown Des Moines' rapidly growing neighborhood. The space is ideal for a variety of uses, including retail, office, and restaurant establishments. Its prime location offers excellent visibility and accessibility, benefiting from its proximity to Gray's Station and its convenient bridge connection to Gray's Lake. Cityville itself is a vibrant 312-bedroom community, ensuring a high volume of foot traffic and potential customers. This presents a unique opportunity for businesses seeking a thriving location within a dynamic and expanding urban environment. The property's substantial square footage allows for flexible layouts to accommodate diverse business needs. This is a remarkable chance to establish or expand your business in one of Des Moines' most sought-after commercial areas. The address is 50309. This property is zoned for retail use.

• CAP approach

  CAP return

  Valuation

  6%

  $3,052,750

  6.5%

  $2,817,924

  7%

  $2,616,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,531,874

  Geo Method

  $1,531,874

• Alternative Use

  Use

  Valuation

  Residential

  $2,377,024

  Hospitality

  $2,177,341

  Educational

  $1,811,522

  Medical

  $1,873,823

  Retail

  $2,817,924

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5767

Longitude

-93.6264

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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