1801 2nd Ave

For Sale

1801 2nd Ave, Des Moines, IA 50314

This Des Moines property for sale is located at 1801 2nd Ave. The current listed sale price for 1801 2nd Ave is $1,800,000. 1801 2nd Ave is situated on a lot that is 1.19 acre in size.

Contacts

Tom Hudson

NAI Iowa Realty

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 15,034 SF
  • Lot Size 1.19 Acre
  • Year Built 1989
  • Date Updated May 26, 2026
  • HVAC None
Located north of I-235 on 2nd Ave. in Des Moines, IA.NAI Iowa Realty Commercial is pleased to present the exclusive opportunity to acquire 1801 2nd Avenue in Des Moines. The 15,034 SF standalone office/warehouse facility is occupied by Medicap Home Medical (Hammer Incorporated) who has been there for over 25 years. This property offers a stabilized, long-term NNN investment profile, recently secured by a lease extension running through November 30, 2031. The property is benefiting from the City of Des Moines’ 2nd Avenue Reconstruction project, slated for completion in 2026. These improvements will modernize the corridor with widened lanes, new infrastructure, and improved turn-lane access, significantly enhancing the property’s accessibility and long-term asset value.
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Highlights

  • Cap Rate: 7.52%
  • Dock-high Door: 8x10
  • Drive-in Door: 10x12
  • For Sale: $1,800,000 ($119.73 PSF)
  • Lot Size: 1.19 AC (51,749 SF)
  • NOI: $135,306 (new lease provides for 2% annual base rent increases)
  • Traffic: 16,000+ VPD (2025)
  • Year Built: 1989

Attachments

Getting around

  • 62/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 60/100

    Bike Score ®

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Location

  • City Des Moines, IA
  • Neighborhood Capitol Park
  • Zip Code 50314
  • Market Des Moines

Points of Interest

  • QuikTrip

    0.78 miles

  • Kum & Go

    1.38 miles

  • ChargePoint Charging Station

    1.39 miles

  • Git N Go

    1.40 miles

  • Casey's General Store

    1.49 miles

  • Tesla Supercharger

    2.91 miles

  • Ashworth Plaza

    9.00 miles

  • Spotfree Automatic Car Wash

    1.42 miles

  • Spotfree Car Wash

    1.45 miles

  • Casa Car Wash

    1.52 miles

  • Advantage Car Wash

    1.59 miles

  • Enterprise

    1.84 miles

  • Mister Car Wash

    2.37 miles

  • Power Wash

    3.82 miles

  • Precision Car Wash

    3.99 miles

  • A&D Kwik Kar Wash

    4.11 miles

  • Hertz

    6.51 miles

  • Le's Chinese Bar-B-Que

    0.18 miles

  • Tacos La Familia

    0.38 miles

  • Captain Roy's

    0.41 miles

  • McDonald's

    0.74 miles

  • Tacos Mariana's

    1.04 miles

  • Thai Flavors Restaraunt

    1.11 miles

  • Dunkin'

    1.13 miles

  • Dairy Queen

    1.13 miles

  • Student Dining Center

    1.22 miles

  • Chuck's

    1.25 miles

Contact Listing Broker
Tom Hudson

NAI Iowa Realty

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