401 E Army Post Rd, Des Moines, IA 50315 Property Records

Polk County property record for 401 E Army Post Rd, Des Moines, IA 50315

Property Summary

Property Type	Regional Shopping Center, Mall
Details	36,792 sqft · built 1997
Lot Size	11 acres (481,316 sqft)
Owner	Company Name on Record
Last Sale	$2,500,500 (May 2025)
Tax Bill	$103,046 (2024)
Deeds & Mortgages	Jun 2022 Mortgage Jan 2018 Loan Modification + 1 more
Flood Zone	Zone X (minimal risk)
APN	`120/04640-502-000`

Property Details

APN / Parcel Number

Primary APN	`120/04640-502-000`
Alternative APN	`782434126036`

Interior

Stories	1 Story
Building Area	36,792 sqft Gross Area
1st Floor Area	36,792 sqft

Exterior

Year Built	Built 1997
Effective Year Built	Effective 2006
Exterior Material	Concrete
Construction Type	Steel Frame
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	481,316 sqft (11 acres)
Garage Area	400 sqft
Patio Area	960 sqft
Total Buildings	4 Buildings

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Central
Sewer	Connected
Water Source	Commercial

Location & Zoning

Street Address	401 E ARMY POST RD
City	DES MOINES
State	IA
Zip	50315-5827
Property Category	Commercial
Property Type	Commercial > Retail > Regional Shopping Center, Mall
Local Zoning Code	PUD
Legal Description	LOT 2 SOMERSET 2
Legal Subdivision	SOMERSET 2
Legal Lot Number	2
Jurisdiction	POLK IA
Township / Civil Division	BLOOMFIELD
Census Block Group	2
Census Block	2000
Census Tract	4702

Owner

Source: Polk County records, as of November 19, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	400 ROBERT D RAY DR, DES MOINES, IA 50309-1813
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Jun 13, 2022	Deed of Trust, Mortgage FORTRESS BANK
Jan 2, 2018	Loan Modification, Mortgage · Line of Credit WEST BK
Mar 22, 2017	Loan Modification, Mortgage · Line of Credit WEST BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 30, 2025 · Amount on Record
Deed Sale	May 30, 2025 · Amount on Record
Prior Sale	Sep 14, 2007 · Amount on Record
Deed Document Number	202530350
Deed Book / Page	20153 / 188
Prior Transfer Date	Apr 22, 1996
Prior Transfer Doc	0000053475
Record Updated	Oct 29, 2026

June 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK IA
Property Address	401 E ARMY POST RD, DES MOINES, IA 50315-5827
Transaction Type	Mortgage
Record Updated	Jun 24, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	501 GRND AVE, DES MOLNES, UT 58309

Mortgage

Document Number	0000047981
Date	Jun 13, 2022
Book Page	19149/138
Instrument	2022-00047981

Lender

Name	FORTRESS BANK
Type	Bank
Address	PEORIA, IL 61615

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Jun 10, 2027

January 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	POLK IA
Recording Date	Jan 2, 2018
Property Address	401 E ARMY POST RD, DES MOINES, IA 50315-5827
Book / Page	016779 / 000412
Instrument Date	Dec 29, 2017
Instrument	53570
Transaction Type	Mortgage
Record Updated	Aug 29, 2018

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Association

Mortgage

Document Number	0000053570
Date	Jan 2, 2018
Book Page	016779/000412
Instrument	53570

Lender

Name	WEST BK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Jan 1, 2043

Interest

Rate Type	Adjustable Rate

March 2017: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	POLK IA
Recording Date	Mar 22, 2017
Property Address	401 E ARMY POST RD, DES MOINES, IA 50315-5827
Book / Page	016413 / 000264
Instrument Date	Feb 28, 2017
Instrument	78471
Transaction Type	Mortgage
Record Updated	Aug 20, 2018
Title Company	ATTORNEY ONLY

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Association

Mortgage

Document Number	0000078471
Date	Mar 22, 2017
Book Page	016413/000264
Instrument	78471

Lender

Name	WEST BK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	204 Months
Due	Mar 21, 2034

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Polk County assessment roll, as of October 13, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Polk County
Municipality	Des Moines City
Unified School District	Des Moines Independent Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$3,160,000 (+14.08%) Land $2,110,000 Building $1,050,000	$3,160,000 (+14.08%) Land $2,110,000 Building $1,050,000
2024	$103,046.00
2023		$2,770,000 Land $1,850,000 Building $920,000	$2,770,000 Land $1,850,000 Building $920,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective August 17, 2025

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 98% of the US · lower than 82% of Iowa
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	DES MOINES WATER WORKS serves 246,055 people · EPA ID IA7727031
Water Source	Purchased surface water from CIWW (DMWW)
Last State Inspection	May 2024
Lead	Under 1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	Treatment failure resolved · May 2017
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 201 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Mediacom Xtream Cable · Fiber in parts of the area	2,000 / 1,000
AT&T Fixed Wireless	100 / 20

May also be available: CenturyLink, ICS Advanced Technologies, Verizon.

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