516 3rd St, Des Moines, IA 50309 Property Records

Polk County property record for 516 3rd St, Des Moines, IA 50309

Property Summary

Property Type	Commercial Office
Details	3 bd · 1 ba · 14,340 sqft · built 1900
Lot Size	0.194 acres (8,450 sqft)
Owner	Company Name on Record
Last Sale	$1,900,000 (Apr 2022)
Tax Bill	$11,786 (2024)
Deeds & Mortgages	Apr 2026 Line of Credit Apr 2022 Sale & Line of Credit + 3 more
Flood Zone	Zone X (minimal risk)
APN	`030/00251-000-000`

Property Details

APN / Parcel Number

Primary APN	`030/00251-000-000`
Alternative APN	`782404409005`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Total Rooms	6 Rooms
Units	2 Units
Stories	2 Stories
Building Area	14,340 sqft Gross Area
1st Floor Area	4,780 sqft
Basement Area	4,780 sqft

Exterior

Year Built	Built 1900
Effective Year Built	Effective 1993
Exterior Material	Brick
Construction Type	Frame
Fire Resistance	Wood or Wood & Steel Frame
Roof Type	Flat
Roof Material	Other
Lot Area	8,450 sqft (0.194 acres)
Lot Dimensions	132 ft deep x 65 ft wide

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C
Sewer	Connected
Water Source	Commercial

Location & Zoning

Street Address	516 3RD ST
City	DES MOINES
State	IA
Zip	50309-1774
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	C-3
Legal Description	LT 3 BLK 3 BIRDS ADD
Legal Subdivision	BIRDS ADDITION
Legal Block	3
Legal Lot Number	3
Jurisdiction	POLK IA
Township / Civil Division	DES MOINES
Census Block Group	4
Census Block	4004
Census Tract	5101

Owner

Source: Polk County records, as of April 10, 2026

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	5000 WESTOWN PKWY, 400, WEST DES MOINES, IA 50266-5921
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Apr 2, 2026	Deed of Trust, Mortgage · Line of Credit NONE LISTED ON DOCUMENT
Apr 13, 2022	Warranty Deed, Transfer · Line of Credit LINCOLN SAVINGS BANK
Oct 17, 2019	Deed of Trust, Mortgage NORTHWEST BK
Apr 22, 2019	Trustee's Deed, Construction Loan · Construction Mortgage BANK IOWA
Sep 18, 2018	Deed of Trust, Mortgage BANK OF AMERICA

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 13, 2022 · Amount on Record
Deed Sale	Apr 13, 2022 · Amount on Record
Deed Document Number	202229424
Deed Book / Page	19065 / 375
Record Updated	Jun 8, 2026

April 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK IA
Recording Date	Apr 2, 2026
Property Address	516 3RD ST, DES MOINES, IA 50309-1774
Document Number	0000017929
Book / Page	20469 / 14
Instrument Date	Mar 31, 2026
Instrument	202617929
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266

Mortgage

Document Number	0000017929,
Date	Apr 2, 2026
Book Page	20469/14
Instrument	202617929

Lender

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate	18%
Max Rate	-1%

April 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	POLK IA
Recording Date	Apr 13, 2022
Property Address	516 3RD ST, DES MOINES, IA 50309-1774
Document Number	0000029424
Book / Page	19065 / 375
Instrument Date	Apr 11, 2022
Instrument	2022-00029424
Transaction Type	Transfer
Record Updated	Oct 16, 2025

Transaction

Amount	Amount Recorded
Tax	$3,039.20
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2331 UNIVERSITY AVE # 200, 200, DES MOINES, IA 50311-4315

Mortgage

Document Number	0000029426
Date	Apr 13, 2022
Instrument	2022-00029426

Lender

Name	LINCOLN SAVINGS BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	Apr 11, 2042

October 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK IA
Property Address	516 3RD ST, DES MOINES, IA 50309-1774
Document Number	0000036023
Instrument Date	Oct 17, 2019
Transaction Type	Mortgage
Record Updated	Jan 14, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	516 SW 3RD ST ANKENY IA 500233048, ANKENY, IA 50023-3048

Mortgage

Document Number	0000036023
Date	Oct 21, 2019
Book Page	017551/000754
Instrument	36023

Lender

Name	NORTHWEST BK
Type	Bank
Address	WEST DES MOINES, IA 50266

Agreement

Amount	Amount Recorded

April 2019: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	POLK IA
Recording Date	Apr 22, 2019
Property Address	516 3RD ST, DES MOINES, IA 50309-1774
Book / Page	017299 / 000754
Instrument Date	Apr 22, 2019
Instrument	74530
Transaction Type	Construction Loan
Record Updated	May 20, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	300 WALNUT ST #114 DES MOINES IA 503092242, 114, DES MOINES, IA 50309-2242

Mortgage

Document Number	0000074530
Date	Apr 22, 2019
Book Page	017299/000754
Instrument	74530

Lender

Name	BANK IOWA
Type	Bank
Address	WEST DES MOINES, IA 50266

Agreement

Type	Construction Mortgage
Amount	Amount Recorded

September 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK IA
Property Address	516 3RD ST, DES MOINES, IA 50309-1774
Document Number	0000024546
Instrument Date	Sep 18, 2018
Transaction Type	Mortgage
Record Updated	Jan 16, 2019

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	516 3RD ST NW ALTOONA IA 500091466, ALTOONA, IA 50009-1466

Mortgage

Document Number	0000024546
Date	Sep 25, 2018
Book Page	017087/000613
Instrument	24546

Lender

Name	BANK OF AMERICA
Type	Bank
Address	CHARLOTTE, NC 28255

Agreement

Amount	Amount Recorded
Term	360 Months
Due	Sep 24, 2048

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		$1,290,000 (+246.68%) Land $372,000 Building $918,000	$1,290,000 (+246.68%) Land $372,000 Building $918,000
2024	$11,786.00 (-1.8%)
2023		$372,100 Land $372,000 Building $100	$372,100 Land $372,000 Building $100
2020	$12,002.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective August 17, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 16 individual policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	110 units insured incl. 94 condo units
Nearby Flood Claims	4 (2004–2018)
Claims Outside the SFHA	4 of 4
Most Recent Claim	Jun 2018 · Severe Storms, Tornadoes, Straight-line Winds, And Flooding
Claims by Event	Severe Storms, Tornadoes, And Flooding, Jun 2008 · 3 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

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

Wildfire Risk	Not rated no burnable land within 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 123 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Mediacom Xtream Cable · Fiber in parts of the area	2,000 / 1,000
Verizon Fixed Wireless	1,000 / 75
AT&T Fixed Wireless	100 / 20

May also be available: CenturyLink, Google Fiber, T-Mobile, Vero Fiber.

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