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520 SW 5th St 10,550 SF Industrial Building Des Moines, IA 50309 $1,600,000 ($151.66/SF)
Investment Highlights
- Located in the Riverpoint Business District, just south of the Downtown Des Moines' Central Business District
- Qualifies for a Grayfield Tax Credit and is located in an Urban Renewal District
- Walkable to Court Avenue with direct access the Jackson Street Bridge and the Central Iowa Trails System via the Meredith Trail
- DX2 Zoning allows for a higher density, mixed-use concept
Executive Summary
Property Facts
| Price | $1,600,000 | Rentable Building Area | 10,550 SF |
| Price Per SF | $151.66 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1958 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.57/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.30 AC | ||
| Zoning | DX2 Downtown District - DX2 is designed for mid-level intensity, mixed-use development within the downtown area. | ||
| Price | $1,600,000 |
| Price Per SF | $151.66 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.30 AC |
| Rentable Building Area | 10,550 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Tenancy | Single |
| Parking Ratio | 0.57/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | DX2 Downtown District - DX2 is designed for mid-level intensity, mixed-use development within the downtown area. |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Currently a vacant industrial/flex property, the site offers an excellent opportunity for a Restaurant/Bar/Entertainment/Multi-Tenant Retail redevelopment. Ownership has experience with similar projects, having developed the the property that is home to the popular Lua Brewing in the historic Sherman Hill neighborhood.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,550 SF | Retail | - | 120 Days |
1st Floor
| Size |
| 10,550 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| 120 Days |
1st Floor
| Size | 10,550 SF |
| Space Use | Retail |
| Condition | - |
| Available | 120 Days |
Currently a vacant industrial/flex property, the site offers an excellent opportunity for a Restaurant/Bar/Entertainment/Multi-Tenant Retail redevelopment. Ownership has experience with similar projects, having developed the the property that is home to the popular Lua Brewing in the historic Sherman Hill neighborhood.
Property Taxes
| Parcel Number | 020-01074002000 | Improvements Assessment | $83,000 |
| Land Assessment | $316,000 | Total Assessment | $399,000 |
Property Taxes
Presented by
520 SW 5th St
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