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Executive Summary

Newly constructed restaurant building for sale in the desirable Drake area of Des Moines, featuring a brand-new 2024 build with a new roof and a grease trap already installed in the kitchen. The space is currently framed and ready for a buyer to customize and equip to their specific concept, offering a rare opportunity to create a turnkey restaurant from the ground up. The property includes a 7-car parking lot and benefits from the Invest DSM program, which offers grant opportunities to help support business startup and growth. This prime location provides excellent potential for restaurateurs and investors looking to establish a presence in one of Des Moines’ growing commercial districts.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,465 SF
Building Class
B
Year Built
2024
Price
$299,999
Price Per SF
$204.78
Tenancy
Single
Building Height
2 Stories
Parking
7 Spaces (4.78 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Hy-Vee
Starbucks
U.S. Bank
Price Chopper
Caribou Coffee
Chase
Bank of America
Panchero's Mexican Grill
Wells Fargo Home Mortgage
Noodles & Company

Property Taxes

Property Taxes

Parcel Number
090-07201000000
Land Assessment
$21,200
Improvements Assessment
$90,800
Total Assessment
$112,000
  • Listing ID: 41267676

  • Date on Market: 7/13/2026

  • Last Updated:

  • Address: 3510 Cottage Grove Ave, Des Moines, IA 50311

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