600 8th St SW - Freestanding FOR SALE


Altoona, IA 50009- Outer SE Des Moines N
$1,985,000 USD
515-334-4900
600 8th St SW, Altoona, IA for Sale
$1,985,000 USD
Freestanding - FOR SALE
1/6
null | 7.34% Cap Rate

NEW


600 8th St SW
Altoona, IA 50009
Outer SE Des Moines N


OVERVIEW

The KataLYST Team by KW Commercial is pleased to present 608 8th Street SW, Altoona, Iowa — an exclusive opportunity to own a second-generation retail asset in one of Des Moines’ consistently-growing suburbs. Built in 1997 and thoughtfully maintained, this 12,080 SF property offers the perfect blend of stability and upside. Currently 68.3% occupied, the center generates reliable income from multiple tenants, with the remaining space representing a true value-add opportunity for new ownership. A savvy investor who leases the balance can unlock a 7.67% cap rate and a projected 10.58% first-year return on investment — while enjoying minimal ownership responsibilities thanks to its triple net structure.

FOR SALE DETAILS

PRICE

$1,985,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

C-2

APN/PARCEL ID

171-00511380003

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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