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Merle Hay Tower 3850 Merle Hay Rd
66,000 SF Vacant Office Building Des Moines, IA 50310 $1,600,000 ($24/SF)
Investment Highlights
- High Visibility on Two Major Roads
- Direct Access to Amenities, including Medical, Grocery, Restaurants and Apparel
- High-Density, High-Income Area
- Direct Access to Bus Line
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Third Party Reports
Property Facts
Amenities
- Bus Line
- Controlled Access
- Signage
- Drop Ceiling
- Wi-Fi
About 3850 Merle Hay Rd , Des Moines, IA 50310
PROPERTY OVERVIEW This former office building contains six stories with 8,811 sf floor plates, as well as an attached former theater of about 12,400 sf in size with additional mezzanine space. The Merle Hay Tower has two passenger elevator bays and with all MEP located at the core of the building, this allows for 360 degree window lines on upper levels. Proposed conversion uses include multi-family, 55+ affordable housing, hotel, school, non-profit office, and theatre & arts. LOCATION OVERVIEW Merle Hay Mall is located conveniently at the border of Urbandale and Des Moines in a densely-populated residential area with approximately 90,000 people within a 3-mile radius and the greatest number of high income households in the market. This retail corridor is in a prime location along Merle Hay Road, which is Des Moines' third most traveled road. The Merle Hay Tower boasts impressive amenities including its location along three bus lines, direct indoor access to the super-regional mall, a two-story parking deck directly outside the entrance, and a former theater space ideal for re-purposing as common area space also connected directly to the building. Merle Hay Mall is conveniently located between downtown Des Moines and office developments west of downtown Des Moines.
PROPERTY TAXES
Parcel Number | 100-09472001012 | Improvements Assessment | $13,366,000 |
Land Assessment | $5,320,000 | Total Assessment | $18,686,000 |
PROPERTY TAXES
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Merle Hay Tower | 3850 Merle Hay Rd
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