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3023 East 29th Street
Des Moines, IA 50317
Asking Price
$550K
Asset Type
School Special-purpose
Class
Class B
What's Special
Flexible Space. Endless Possibilities. Built for Community Impact. <ul><li>4,282 sq ft building on nearly 1 acre in NE Des Moines</li><li>Zoned P-2 (Public, Civic & Institutional) for flexible use</li><li>Ideal for church, community center, daycare, nonprofit, or events</li><li>Large main gathering space for high-capacity use</li><li>Two public restrooms + dedicated parking lot</li><li>Strong potential for community-driven or organizational use</li><li>Option to pair with nearby residential property (3021 E 29th) for added functionality</li><li>Establis
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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,720.605
Annual Cash Flow
$47,352.738
