Des Moines, Iowa, is an attractive destination for investors seeking to capitalize on the city's strong economy and growing population. With over 200,000 residents and a metropolitan area of over 700,000, Des Moines offers a diverse range of investment opportunities, including restaurants for sale. Restaurants in Des Moines can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to the city's growing population of young professionals and families. Des Moines' amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. The city is home to several major corporations, including Principal Financial Group, Ruan Transportation, and EMC Insurance Companies, which provide a steady stream of customers for restaurants. Additionally, Des Moines is situated near several major highways, including Interstate 235, Interstate 35, and Interstate 80, making it easily accessible to visitors and residents alike. The city's rich cultural scene, featuring attractions like the Des Moines Art Center and the Iowa State Capitol building, also draws in tourists and locals who are looking for a unique dining experience. Overall, Des Moines is a great place to invest in a restaurant, with its strong economy, growing population, and diverse range of amenities and attractions.
Des Moines is a city that offers a unique blend of Midwestern charm and urban sophistication, making it an attractive destination for investors and visitors alike. The city's restaurants, including those available for sale, are an integral part of its cultural landscape, offering a range of cuisines and dining experiences. In addition to restaurants, Des Moines also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, for example, offer investors the opportunity to capitalize on the growing demand for housing in the area. Des Moines' shopping centers, such as the East Village, provide a unique blend of retail and dining options, making them an attractive investment opportunity. The city's specialty properties, including the Des Moines Art Center and the Iowa State Capitol building, offer investors the chance to own a piece of Des Moines' rich cultural heritage. Finally, Des Moines' hotels, such as the Renaissance Des Moines Savery Hotel, provide investors with the opportunity to capitalize on the city's growing tourism industry. Overall, Des Moines is a city that offers a diverse range of investment opportunities, making it an attractive destination for investors seeking to capitalize on its strong economy and growing population.
What is the average cost per square foot for a restaurant in Des Moines?
As of now, there are 5 available listings of restaurants for sale in Des Moines, and the average cost per square foot for a restaurant in this city is $806 USD per square feet, with an average size of 6,283 square feet and a largest size of 9,960 square feet.
What factors determine the value of a restaurant for sale in Des Moines?
When evaluating the value of a restaurant for sale in Des Moines, several key factors come into play, including:
- Location, with proximity to major attractions like the Iowa State Capitol building, Wells Fargo Arena, and the Des Moines Art Center, as well as accessibility to major roads like Interstate 235, Interstate 35, and Interstate 80, impacting foot traffic and customer accessibility;
- Size and layout, with the average restaurant size in Des Moines being 6,283 square feet, and larger spaces like 9,960 square feet commanding higher prices;
- Financial performance, including the average cap rate of 5.25%, and the overall profitability of the business, which can be influenced by factors like competition, menu offerings, and marketing strategies.
