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REDEVELOPMENT | 6.65% CAP 1433 Walnut St 5,628 SF 41% Leased Retail Building Des Moines, IA 50309 $1,395,000 ($247.87/SF) 6.65% Cap Rate

INVESTMENT HIGHLIGHTS

  • Walking distance to Exile Brewing Company
  • Part of the Western Gateway District

ATTACHMENTS

Des Moines 1433 Walnut St_Flyer

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,628 SF
Building Class
C
Year Built/Renovated
1948/2020
Price
$1,395,000
Price Per SF
$247.87
Cap Rate
6.65%
NOI
$92,700
Percent Leased
41%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.19 AC
Zoning
C-3A - DX2 Downtown District
Parking
10 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
148’ on Walnut St

AMENITIES

  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • A
  • 3,295 SF
  • Retail
  • End Cap
  • Now
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Former Teehee's Comedy Club Recently renovated 2020 Part of the Western Gateway area of downtown Des Moines Walking distance to Exile Brewing Company Close proximity to public transportation *Building also available for purchase*

Space Size Space Use Position Available
A 3,295 SF Retail End Cap Now

A

Size
3,295 SF
Space Use
Retail
Position
End Cap
Available
Now
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Size 3,295 SF
Space Use Retail
Position End Cap
Available Now

Former Teehee's Comedy Club Recently renovated 2020 Part of the Western Gateway area of downtown Des Moines Walking distance to Exile Brewing Company Close proximity to public transportation *Building also available for purchase*

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Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Noodles & Company
Starbucks
Commerce Bank
Bank of Montreal
Bravo Supermarkets
Tupelo Honey
Ymca
Wells Fargo Home Mortgage
CrossFit
Panchero's Mexican Grill

PROPERTY TAXES

Parcel Number 020-01736001000 Improvements Assessment $601,000
Land Assessment $271,000 Total Assessment $872,000

PROPERTY TAXES

Parcel Number
020-01736001000
Land Assessment
$271,000
Improvements Assessment
$601,000
Total Assessment
$872,000
(319) 229-1003

CONTACTS

  • Listing ID: 31380689

  • Date on Market: 2/16/2024

  • Last Updated:

  • Address: 1433 Walnut St, Des Moines, IA 50309

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REDEVELOPMENT | 6.65% CAP | 1433 Walnut St
(319) 229-1003 x

REDEVELOPMENT | 6.65% CAP | 1433 Walnut St

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Ryan Fitzpatrick

(319) 229-1003

(319) 229-1003

Jordan Bouslog

(515) 402-9131

(515) 402-9131

Parker Ridge

(319) 229-1003

(319) 229-1003

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