|
|
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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
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
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 |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
A
| 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*
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Walnut St | 15th St, E | 397 | 2022 | 0.04 mi |
| 15th St | Locust St, S | 5,012 | 2022 | 0.07 mi |
| Falcon Dr | 15th St, NW | 343 | 2022 | 0.08 mi |
| SW 16th St | Walnut St, N | 1,138 | 2022 | 0.09 mi |
| Walnut St | 13th St, E | 2,146 | 2022 | 0.11 mi |
| Grand Ave | 14th St, E | 7,578 | 2022 | 0.13 mi |
| Locust St | 13th St, E | 8,039 | 2022 | 0.13 mi |
| Locust St | 17th St, W | 5,550 | 2022 | 0.13 mi |
| 15th St | Grand Ave, S | 4,688 | 2022 | 0.15 mi |
| 13th St | Locust St, N | 1,609 | 2022 | 0.16 mi |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
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
MAP
ADDITIONAL PHOTOS
1433 Walnut 17
1433 Walnut 15
1433 Walnut 13
1433 Walnut 12
1433 Walnut 5
1433 Walnut 1
1433 Walnut 2