- For Sale $1,800,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 15,034 SF
- Lot Size 1.19 Acre
- Year Built 1989
- Date Updated Jun 23, 2026
- HVAC None
Description
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.
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
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Contacts
Tom Hudson
NAI Iowa Realty
Location
Located at 1801 2nd Ave, Des Moines, IA 50314, this property is part of the Capitol Park neighborhood and Des Moines market.
Contact Listing Broker
Tom Hudson
NAI Iowa Realty
