Description
MMG Real Estate Advisors, as exclusive advisor, is pleased to present the opportunity to acquire The Argonne, a 45-unit mixed-use property situated in the heart of Des Moines. This historic landmark combines classic architectural elements, including original hardwood floors and wood-frame windows, with significant modern enhancements such as central HVAC, upgraded electrical systems, renovated kitchens, and in-unit laundry. In addition to its unique blend of historic charm and contemporary functionality, The Argonne offers an attractive property tax incentive package that extends through 2042, providing investors with enhanced cash flow stability and long-term operational benefits.
Listing Details
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
6/2/2026
Property Specifics
- Property Name
The Argonne | 1729 Grand Ave
- Property Class
B
- No of Stories
4
- No of Units
45
- Year Built
1919
- Building Size
39,587 SF
- Lot Size
0.91 Ac
- Year Renovated
2020
- APN
030-03395000000
- Zoning
R4
- Occupancy
93%
Property Amenities
Unit Amenities
24 Hour Access
Air Conditioning
Central Heating
Dishwasher
Microwave
Refrigerator
Washer/Dryer or Laundry Services
Site Amenities
Elevator
Property Manager on Site
Location Amenities
Airport
Public Transportation



