Drake University Portfolio

Discover the vibrant allure of the Drake University Portfolio in Des Moines, IA, strategically positioned about a mile from downtown. Nestled within this historic neighborhood, the area offers a dynamic blend of residential charm and urban energy. The property's proximity to downtown and Drake University significantly expands its appeal, attracting tenants desiring convenient access to the bustling city center and the university's rich cultural offerings. Additionally, its location just blocks from Interstate 235 places it at the heart of the entire metro, offering a quick drive to any destination in the area. The ample parking available at the property is a rare and valuable asset in the Drake area, enhancing its desirability for both residents and visitors. This prime location not only broadens the tenant base with professionals seeking downtown convenience but also entices those who value accessibility to the diverse amenities of the Drake University area. Whether it's the thriving business district or the vibrant local hotspots, the property's central position ensures easy access to all the metro has to offer, making it an enticing prospect for multifamily and low-rise/garden investors seeking a prime location in Des Moines. Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living. A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News. Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities. Greater Des Moines is vibrant, growing and experiencing tremendous momentum. Metrics such as gross domestic product growth, population growth and employment growth show DSM as one of the strongest metros in the Midwest. Greater Des Moines is home to many business successes and has received numerous accolades over the past several years. These recognitions include being named one of the top 10 best cities to live and work, one of the best cities for jobs, one of the top 10 places with the most job opportunities per capita and a top metro for economic development projects. Such accomplishments can be attributed to DSM’s talented workforce, impressive education ranking and strong business economy.