2650 Easton BlvdDes Moines, IA 50317

Property Details for 2650 Easton Blvd

Year built

1992

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

3,101 SF

Zone code

C-0

Property type

Retail space

APN

060/01298-002-000

APU

6001298002000

Description

Exceptional opportunity to acquire a well-maintained 1,654 square foot storefront located at 2650 Easton Boulevard in Des Moines, Iowa. This single-story, 1916-built building sits on a 12,058 square foot lot and is zoned C-0. The property features a spacious lobby with newer carpeting, a designated office area with a reception window, a large main room with hardwood floors, and two additional private offices or storage areas, plus a bathroom. A recently waterproofed lower level, complete with a new sump pump, offers three rooms currently used for storage. The sale includes over 6,000 square feet of paved parking to the west, partially fenced and featuring lighting. Recent improvements include exterior painting (2022) and a new sidewalk (2021). Previously used as a dance studio for over 45 years, this versatile space is ideally suited for a variety of uses, including a fitness center (mirrors included), or could be easily adapted for office space. Its prime location on a main street near the busy Easton/Hubbell intersection offers easy access to downtown Des Moines and surrounding suburbs. The asking price is $179,500, with a price per square foot of $108.52. This property presents a rare chance to own a well-established commercial building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $794,848

  6.5%

  $733,706

  7%

  $681,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,853

  Geo Method

  $398,853

• Alternative Use

  Use

  Valuation

  Residential

  $618,909

  Hospitality

  $566,917

  Educational

  $471,668

  Medical

  $487,890

  Retail

  $733,706

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6091

Longitude

-93.5657

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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