505 Sheridan Ave
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505 Sheridan Ave
12,449 SF Industrial Building Des Moines, IA 50313 $1,350,000 ($108.44/SF)
INVESTMENT HIGHLIGHTS
- Easy Access to major highways
- Located in Beautiful Des Moines with the Des Moines River, parks and other amenities all within driving distance.
EXECUTIVE SUMMARY
This 12,449 SF Flex Industrial building in the heart of Des Moines is available for sale. The radiant heated building features a 2,580 SF Office and Showroom, (5) 14' Overhead Doors and locker rooms. Outside you'll find a fully fenced lot with +/- 0.92 Acres of Asphalt parking and +/- 0.34 Acres of Gravel storage. The current lease runs through 2024. An additional 8,000 SF can be added to the existing building.
PROPERTY FACTS
| Price | $1,350,000 | Rentable Building Area | 12,449 SF |
| Price Per SF | $108.44 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1924 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 5.14/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 1.22 AC | No. Drive In / Grade-Level Doors | 5 |
| Price | $1,350,000 |
| Price Per SF | $108.44 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.22 AC |
| Rentable Building Area | 12,449 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Tenancy | Single |
| Parking Ratio | 5.14/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 5 |
AMENITIES
- Fenced Lot
- Storage Space
PROPERTY TAXES
| Parcel Number | 070/00783-001-005 | Improvements Assessment | $364,000 |
| Land Assessment | $379,000 | Total Assessment | $743,000 |
PROPERTY TAXES
Parcel Number
070/00783-001-005
Land Assessment
$379,000
Improvements Assessment
$364,000
Total Assessment
$743,000
ZONING
| Zoning Code | M-1 (Light Industrial) |
| M-1 (Light Industrial) |
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505 Sheridan Ave
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