5405 Douglas AvenueDes Moines, IA 50310

Commercial · 2,354 Sq. ft. | 0.62 Acres

$699,990 Active

5405 Douglas Avenue Overview

Time on Site:: 136 days
Visits:: 137

Exceptional investment/business opportunity located just blocks from Merle Hay mall and the highly anticipated new 3500 seat multi-use arena (home to Drake Hockey & Iowa Demon Hawks). The 2354 ft structure could be turn key fast casual, coffee, or special retail. Features newer grease traps and a drive-thru. Also, all stainless prep tables, hoods, appliances, and cooler stay. High visibility frontage on Douglas Ave corridor boasts 12,600 cars daily. The massive 56 million dollar Merle Hay Mall redevelopment project is transforming this neighborhood into a premier regional entertainment destination for long term value appreciation. All information obtained from seller and public record.

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5405 Douglas Avenue Facts & Features

Type Commercial
Sq. ft. 2,354
Price/Sq.ft. $297
Lot 0.62 Acres

Details

General

Association/HOA

Association: false

Building Information

Year Built: 1975

Location/Region

County Or Parish: Polk
MLS Area Major: Des Moines N.West
Postal City: Des Moines

Rent/Lease Information

Lease Considered: false

Tax Information

Tax Annual Amount: 12121.81

General Information

Listing Terms: Cash,Conventional,Contract,USDA Loan,VA Loan
Parcel Number: 10000953000000
Property Type: Commercial Sale
Zoning: MX3

Interior

Beds/Baths

Bathrooms Full: 0
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Total: 0
Bedrooms Total: 0

Building Interior

Building Area Total: 2354.0

Exterior

Lot Information

Lot Size Acres: 0.617
Lot Size Area: 0.617
Lot Size Square Feet: 26880.0
Lot Size Units: Acres

5405 Douglas Avenue Neighborhood

Community

50310 (Des Moines) Demographics

Median Age

3,920

Population Density (per sq. mile)

43%

College Educated

$64,213

Estimated Median Income

9,130

Estimated Total Home Owners

3,866

Estimated Total Renters

70% / 30%

Estimated Owner / Renter Divide

Estimated Average Household Size

Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5405 Douglas Avenue Monthly Cost

Estimated Monthly Cost*

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

Property Taxes (annual)

Home Insurance (annual)

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5405 Douglas Avenue Market Data

Based on the last 30 days in this zip code

$249,289

Average List Price

$197

Average Price per Square Foot

Properties Sold

Average Days on Market

189

Properties for Sale

Calculations provided by Reliance Network

5405 Douglas Avenue History

Date	Event	Value
6/11/2026Source: Des Moines Area	Price Reduction	$699,990 -6.0%
3/9/2026Source: Des Moines Area	Price Reduction	$745,000 -5.1%
2/13/2026Source: Des Moines Area	Added to Database	February 13, 2026

Listing provided courtesy of RE/MAX Precision- MLS# 734344

Contact Information: (515) 208-4980

Images