6307 Hickman RdDes Moines, IA 50322

Property Details for 6307 Hickman Rd

Year built

2017

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

4,080 SF

Zone code

C-2

Property type

Investment properties

Property subtype

Live-work space

APN

100/12937-001-003

APU

10012937001003

Description

This exceptional 2,880 square foot storefront property, located at 6307 Hickman Road in Des Moines, Iowa, presents a unique investment opportunity. Built in 2000 and renovated in 2017, this two-story building sits on a 0.301-acre lot and is zoned RX1. The property boasts 2,378 square feet of main floor space, complemented by a 502 square foot mezzanine, providing ample room for a variety of retail or office uses. A basement offers additional storage space. The building is currently vacant, offering immediate occupancy for a new owner. The property benefits from excellent visibility and accessibility, situated on busy Hickman Road, with convenient proximity to major transportation arteries. It's located approximately 4 miles east and 3 miles south of the Interstate 80/35 interchange, ensuring high traffic volume. Ample parking is available on-site with 23 parking stalls. Hickman Road boasts an impressive average daily traffic count of 21,000 vehicles. This property is ready for immediate occupancy and represents a strong investment opportunity in a prime Des Moines location. The asking price is $275,000.

• CAP approach

  CAP return

  Valuation

  6%

  $711,364

  6.5%

  $656,644

  7%

  $609,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,243

  Geo Method

  $208,243

• Alternative Use

  Use

  Valuation

  Residential

  $814,238

  Hospitality

  $745,838

  Educational

  $620,528

  Medical

  $641,869

  Retail

  $965,266

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6152

Longitude

-93.7041

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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