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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