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2805 Beaver Ave 5,054 SF 100% Leased Retail Building Des Moines, IA 50310 $1,700,000 ($336.37/SF)
Investment Highlights
- Attractive tax abatements for commercial and residential projects
- Turnkey bank building with finished basement
- Mixed-use zoning allows flexible redevelopment options
- Prime location in a high-traffic retail corridor
Executive Summary
This property offers a rare opportunity to acquire a turnkey financial building in the heart of Des Moines’ thriving commercial district. Featuring a spacious lobby with vaulted ceilings and private offices, the building sits on an expansive lot with high visibility along a major retail corridor. Zoned for mixed-use, the site is ideal for developers seeking a prime location for retail, office, or residential redevelopment. The property benefits from strong demographics, excellent walkability, and proximity to established neighborhoods, making it a strategic investment for long-term growth. With tax abatements available, this asset combines immediate functionality with future upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
5,054 SF
Building Class
C
Year Built
1966
Price
$1,700,000
Price Per SF
$336.37
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.85 AC
Zoning
C-2 - Commercial
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 100-01249001000 | Improvements Assessment | $1,354,000 |
| Land Assessment | $446,000 | Total Assessment | $1,800,000 |
Property Taxes
Parcel Number
100-01249001000
Land Assessment
$446,000
Improvements Assessment
$1,354,000
Total Assessment
$1,800,000
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2805 Beaver Ave
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