4900 Franklin AveDes Moines, IA 50310

For Sale
$450,000

Vacant 3,100 SF, Value-Add Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 4900 Franklin Ave in Des Moines, Iowa, presents a compelling investment opportunity. The 3,234 square foot building, situated on a 0.246-acre lot, offers 3,100 square feet of net rentable space and is currently vacant, allowing for immediate customization. Built in 1960 and renovated in 2003, the Class B building retains its mid-century charm while offering significant value-add potential. The property's zoning is MX1, and it boasts a prime location in the growing Beaverdale neighborhood. The interior layout includes a spacious waiting room, reception area, large office, thirteen additional rooms, a kitchenette, and multiple storage areas. The asking price is $450,000, translating to $139.15 per square foot. Ample parking is available, adding to the property's appeal. This owner-user opportunity is ideal for an entrepreneur seeking a unique space with significant upside potential in a desirable Des Moines location. The property's history as a chiropractic clinic provides a solid foundation for a variety of potential uses. Its central location and mid-century character combine to create a truly distinctive investment prospect.

Highlights

  • 3,234 SF mixed-use building on a 0.24-acre lot in Des Moines, IA.
  • 3,100 SF of net rentable space, currently vacant.
  • Class B building, built in 1960, renovated in 2003, with MX1 zoning.
  • Asking price: $450,000 ($139.15/SF).
  • Ample parking available.

Property Details for 4900 Franklin Ave

Property type
Other retail properties, Other mixed-use properties
Square Feet
3,234 SF
Class
B
Year Built
1960
Buildings
1
Stories
1
Lot Size (sq. ft)
10,716 SF

Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.6109856
Longitude
-93.6851837
4900 Franklin Ave, Des Moines, Iowa

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4900 Franklin Ave
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