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1631 2nd Ave 10,692 SF Industrial Building Des Moines, IA 50314 $1,400,000 ($130.94/SF)
EXECUTIVE SUMMARY
Prime opportunity to invest in a fully occupied industrial property located on 2nd Ave in Des Moines, IA, featuring a long-standing, stable tenant. With decades of occupancy, this property offers an exceptional opportunity for investors with the tenant renewing for 5 years starting November 2024 and an additional 5 year renewal. This property also include a fenced-in outdoor storage area adjacent to the building.
PROPERTY FACTS
| Price | $1,400,000 | Rentable Building Area | 10,692 SF |
| Price Per SF | $130.94 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1957 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Showroom | Parking Ratio | 2.13/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.84 AC | ||
| Zoning | M-1 | ||
| Price | $1,400,000 |
| Price Per SF | $130.94 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.84 AC |
| Rentable Building Area | 10,692 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 2.13/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-1 |
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PROPERTY TAXES
| Parcel Number | 080/05845-001-001 | Improvements Assessment | $443,000 |
| Land Assessment | $130,000 | Total Assessment | $573,000 |
PROPERTY TAXES
Parcel Number
080/05845-001-001
Land Assessment
$130,000
Improvements Assessment
$443,000
Total Assessment
$573,000
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1631 2nd Ave
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