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1551 Valley West Dr
West Des Moines, IA 50266
Valley West Mall · Retail Property For Sale
Investment Highlights
- Ideal for attracting retailers, businesses, and residents due to its dense surrounding development and high daytime population.
- PUD zoning to accommodate a variety of commercial and residential uses.
- Immediate exposure to thousands of vehicles per day from the interstate, with several access points to the property.
- Existing parking ramp with 264 stalls to accommodate a mix of uses, with possibilities for expansion.
Executive Summary
CBRE is pleased to exclusively offer the opportunity to acquire the fee simple interest in Valley West Mall, anchored by JCPenney and located in West Des Moines, IA. Serving the Greater Des Moines metro since 1975, the property currently consists of approximately 856,000 SF on 57.72 AC of land. Located along Valley West Drive, just north of I-235, the property presents a rare opportunity for in-fill development in the heart of the Greater Des Moines metro. Ownership intends to sell the entire parcel to one developer, without the option to split into outlots or smaller pieces.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
856,428 SF
Building Class
B
Year Built/Renovated
1975/2004
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
3 Exterior
Building FAR
0.34
Lot Size
57.72 AC
Zoning
RC
Parking
4,200 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Food Court
- Signalized Intersection
- Kiosk/Cart Space
- Enclosed Mall
Property Taxes
| Parcel Number | 320-00019002002 | Improvements Assessment | $100,000 |
| Land Assessment | $19,700,000 | Total Assessment | $19,800,000 |
Property Taxes
Parcel Number
320-00019002002
Land Assessment
$19,700,000
Improvements Assessment
$100,000
Total Assessment
$19,800,000
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