3516 SW 9th Street, Des Moines, IA 50315

$225,000

Now is your opportunity to own a truly unique historic property with strong cash flow potential. Once serving as a fire station and believed to have housed the Southside Library, this mixed-use building offers both character and income—ideal for an owner-occupant or investor. The ground-level commercial space features excellent storefront visibility along a high-traffic corridor with over 17,000 vehicles per day. The layout allows for one larger business or two separate commercial spaces. Current tenants include a thrift shop and a bail bondsman. Upstairs, you’ll find two spacious 2-bedroom, 1-bath apartments, each offering large living rooms and open kitchens. Stove and refrigerator are included in both units. Recent updates provide peace of mind, including a new roof (2019) and three new furnaces and three new central air units installed in 2025 by Dorian Heating & Cooling. The property features separate gas and electric meters, private tenant parking, a current rental certificate, and is fully leased. Additional upside may be available through future improvement grants from Friends of SW 9th or NFC. Call today to schedule your private showing.

Legal: -EX W 20F- LOT 333 WATROUS PARK PLAT 2