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4100 Merle Hay Rd
Des Moines, IA 50310
Haymarket Mall · Retail Property For Sale
Investment Highlights
- Diverse tenant mix consists of Burlington, Hobby Lobby, Harbor Freight, Famous Footwear, and more
- Close proximity to adjacent Merle Hay Mall, which is undergoing a $150M renovation into a mixed use sport, entertainment, and shopping district
- Strong sales productivity with low rent-to-sales ratios (contact broker for additional details)
- Value-add opportunity with 26% vacancy, a developable outparcel, and low rents
- Property benefits from additional annual income which includes EV charging tenant, temporary fireworks stands, and billboard income
- Shadows a Target-anchored center which includes ULTA, CVS, Five Below, Ross, and Old Navy
Property Facts
Property Type
Retail
Building Size
229,012 SF
Building Class
B
Year Built/Renovated
1988/1994
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.33
Lot Size
16.02 AC
Zoning
C-2 - Commercial
Parking
686 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 100/09472-008-004 | Improvements Assessment | $7,090,000 |
| Land Assessment | $7,910,000 | Total Assessment | $15,000,000 |
Property Taxes
Parcel Number
100/09472-008-004
Land Assessment
$7,910,000
Improvements Assessment
$7,090,000
Total Assessment
$15,000,000
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