916-216-4606
1729 Grand Ave, Des Moines, IA for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

1729 Grand Ave
Des Moines, IA 50309
Downtown Des Moines


HIGHLIGHTS

  • A Historic Landmark Reimagined for Modern Living
  • Unique Pre-Set Tax Abatement and Tax Incremental Financing Bene fits
  • Strategic Location Near Major Employers, Retailers, Entertainment, and Highway Connectivity
  • Offered Free and Clear of Existing Debt

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to purchase The Argonne, 45-unit mixed-use asset located in the heart of Des Moines. This historic landmark seamlessly blends timeless characteristics, such as original hardwood flooring and wood frame windows, with extensive modern upgrades, including central HVAC, modernized electrical systems, updated kitchen packages, and in-unit laundry. The Argonne also provides future ownership with an exceptional property tax incentive package, providing stabilized bottom-line returns with benefits secured through 2042.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

45

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Argonne

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1919

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,587 SF

ZONING

R-4

APN/PARCEL ID

030-03395000000

ASK ABOUT THIS PROPERTY

Josh BenardMMGMore Info
916-216-4606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Josh BenardMMGMore Info
916-216-4606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.