2742 Hubbell AveDes Moines, IA 50317

Property Details for 2742 Hubbell Ave

Year built

2008

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

2,152 SF

Zone code

C-1

Property type

Retail space

APN

060/05146-000-000

APU

6005146000000

Description

This exceptional 2,152 square foot Class A office building, built in 2003, is available for $349,000. Located at 2742 Hubbell Avenue in Des Moines, Iowa, this single-story property sits on a 0.52-acre lot (22,767 square feet) and offers excellent visibility and accessibility. The building's MX1 Mixed Use District zoning allows for a variety of commercial uses, making it an ideal investment opportunity for retail, office, or service-oriented businesses. The property features 11 parking spaces and benefits from high traffic volume (8,900 vehicles per day in 2016). The building is currently vacant, presenting a blank canvas for a new owner to customize the space to their specific needs. Its former use as a bank provides a solid foundation and potentially desirable features. The property's address is 2742 Hubbell Ave, Des Moines, IA 50317, within Polk County. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Des Moines neighborhood. The property includes a drive-thru area, adding further potential for various business models.

• CAP approach

  CAP return

  Valuation

  6%

  $551,597

  6.5%

  $509,167

  7%

  $472,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,792

  Geo Method

  $276,792

• Alternative Use

  Use

  Valuation

  Residential

  $429,501

  Hospitality

  $393,421

  Educational

  $327,322

  Medical

  $338,579

  Retail

  $509,167

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6197

Longitude

-93.563

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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