About this property

Calling all Investors! Amazing location for this Street-front retail condo ideally situated within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condos above the street front retail with ample curbside parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with a private lobby, elevator and outside gated stair access. This unit features 4 offices, 1 reception area, 1 mudroom with sink and mini fridge, and a handicap accessible restroom. This condo is fully leased with 7 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Located South and East of the Des Moines Park Conservation Area and within very close proximity to the Des Moines Marina.