Des Moines, Iowa, offers a unique opportunity for investors to capitalize on the city's growing economy and strategic location. With 36 commercial land listings available for sale, Des Moines presents an attractive option for those looking to invest in commercial property. Commercial land in Des Moines can represent a range of investment opportunities, from developing retail or office spaces to building warehouses or distribution centers. The city's strong infrastructure, including the Des Moines Skywalk System, Interstate 235, and Des Moines International Airport, makes it an ideal location for businesses looking to establish a presence in the Midwest. Additionally, Des Moines is home to several major corporations, including Principal Financial Group, Ruan Transportation, and Wellmark Blue Cross Blue Shield, which can provide a steady stream of customers and clients for businesses operating in the area. The city's educational institutions, such as Drake University and Grand View University, also contribute to a skilled and educated workforce, making it an attractive location for businesses looking to expand or relocate.
Des Moines' commercial land market is characterized by its affordability and accessibility, with an average price per square foot of $64 USD and average property size of 11,356 square feet. The largest property available is 16,120 square feet, offering investors a range of options to suit their needs. With an average cap rate of 9%, commercial land in Des Moines presents a strong opportunity for investors looking to generate returns on their investment. The city's cultural attractions, such as the Des Moines Art Center and Science Center of Iowa, also make it an attractive location for businesses looking to establish a presence in a city with a high quality of life. Other property types available in Des Moines include office spaces, retail spaces, and industrial properties, each offering unique investment opportunities. Overall, Des Moines' commercial land market presents a compelling option for investors looking to capitalize on the city's growing economy and strategic location.
What are common commercial uses for land in the Des Moines market?
In the Des Moines market, common commercial uses for land include office spaces, retail centers, and industrial parks, which cater to the city's prominent industries such as insurance, financial services, and publishing. Additionally, land is also utilized for hotels, restaurants, and entertainment venues, taking advantage of the city's attractions and amenities, such as the Iowa State Capitol building, Wells Fargo Arena, and the Des Moines Art Center.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Des Moines, there are several common ways to do so. From negotiating directly with landowners to working with commercial real estate brokers, developers can explore various options to acquire the land they need, and our article on how to buy land provides valuable insights into the process.
