611 Fifth Avenue LLC paid $1.6 million to Wells Fargo Financial Inc. for a parking lot at 600 Fourth St. in Des Moines. At the time of the sale on Nov. 15, the property was valued at nearly $2.4 million. The buyer's members are Knapp Properties Inc.'s William C. Knapp LC and Jim Cownie's JSC Trust.
Indianola Residential LLC paid $550,000 to Care Initiatives for Parkridge Manor nursing home at 4755 Parkridge Ave. in Pleasant Hill. At the time of the sale on Nov. 15, the property was valued at nearly $1.1 million. According to the deed, neither Indianola Residential nor future owners can operate the property as a nursing home or skilled nursing facility.
Des Moines Revelopment Co. paid $2.1 million to Well Fargo Financial Inc. for the former Allied Insurance Co. building at 700 Fourth St. in Des Moines. At the time of the sale on Nov. 14, the property was valued at $2.1 million.
Des Moines Redevelopment Co. paid $569,490 to Wells Fargo Financial Inc. for a parking lot at 700 Sixth Ave. in Des Moines. At the time of the sale on Nov. 14, the property was valued at nearly $1.2 million. Downtown Revelopment obtained a 71.4 percent interest in the property, with St. John's Evangelical Lutheran Church holding the balance.
Ready Mix Properties LLC paid $507,500 to Collective Investment Management Ltd. for 14 acres in Grimes. At the time of the sale on Nov. 14, the property was valued at $167,300.
Kevin Koethe paid $995,000 to SA Group Properties Inc. for the Continental Building at 1441 29th St. in West Des Moines. At the time of the sale on Nov. 14, the property was valued at $1.7 million.
Source: Polk County assessor and recorder online records