The City of Des Moines’ Neighborhood Commercial Revitalization program, established in 2021, has awarded $1.5 million in matching funds to support mid- and large-scale renovations of more than two dozen buildings in key neighborhood corridors across Des Moines, the city said in a news release. The program has extended the life of buildings in areas like the Highland Park and Drake neighborhoods and created new homes for small businesses and entrepreneurs throughout the city.

New in 2025, the Small Business Impact Loan program is designed to provide targeted financial assistance for small businesses ready to launch, expand or scale but face barriers to accessing traditional lending sources. The program is issuing its first-ever low-interest microloans to six small business owners. The money will help pay for tenant space improvements, equipment purchases, marketing efforts and inventory needs.

“The heartbeat of our city lies in the creativity, resilience, and impact of our small business owners,” Connie Boesen, Des Moines’ mayor, said in a news release. “Programs like the Neighborhood Commercial Revitalization and the Small Business Impact Loan reflect our commitment to helping these businesses thrive.”

The following properties were awarded funds in 2025:

Neighborhood Commercial Revitalization

4701 University Ave. – Located in the Waveland commercial area, the proposed mixed-use space will receive comprehensive improvements. Planned upgrades include new concrete work, electrical and plumbing systems, structural reinforcements, landscaping, façade restoration and HVAC installation — all aimed at preparing the site for new commercial uses.

1940 Easton Blvd.– On the city’s east side, the property is being stabilized for a potential Latin market and retail shops. Currently vacant, the site will undergo structural repairs including replacing damaged roof trusses, reinforcing the building’s foundation and installing a durable rubber EPDM roof to protect and preserve the structure for future use.

2312 Forest Ave.– The property will be transformed into a new mixed-use space with commercial potential. Exterior enhancements include painting, window repairs, tuckpointing and siding restoration. Other improvements include repairing the roof, and installation of a heating, ventilation and cooling system.  

2000 S.E. Sixth St. – A long-vacant building is poised to become a full-service boutique floral and design studio. Planned improvements include the restoration of windows and storefront systems, façade repairs such as tuckpointing and painting and updates to core infrastructure.

4140 Park Ave.– Mr. Tacos LLC will soon open a full-service restaurant, with a drive-thru window on the property. Building renovations are underway including new stucco and siding, window replacement, patio installation, garbage enclosure construction and updated electrical and plumbing systems.

Small Business Impact Loan Program 2025 Recipients
24K Juice – A health-focused business in Des Moines is moving into its first retail space. The project includes expanding the menu with more juices, smoothies and healthy snacks. It also allows for the upgrade of the café and kitchen with new energy-efficient equipment, installing a self-serve kiosk and launching a targeted marketing and website campaign.

Black Bagel –The company’s new shop will be in the Center at Sixth development within the historic 6th Avenue Corridor. Black Bagel aims to become a gathering space for neighbors and visitors to the district with its handmade bagels and house-made cream cheese crafted from locally sourced ingredients.

Chandelier – A new event space in Highland Park, Chandelier brings new life to a building that sat vacant for over a decade. Chandelier is also dedicated to supporting local entrepreneurs through an open vendor policy.

Hotori – Recently opened at 1417 Walnut St. in the Western Gateway area, Hotori offers authentic Asian groceries and household goods, and will serve as a community space with cultural events, food tastings and cooking demonstrations.

Rook Room – Opening soon at 300 S.W. Fifth St., he Rook Room is transforming from a pop-up game-based event business to a full board game lounge and café, offering a new space.

Tullpa Restaurant – A Peruvian eatery at 3708 Merle Hay Road, Tullpa specializes in traditional, homemade Peruvian dishes. Tullpa will be upgrading its dining area, refreshing the menus and launching a marketing campaign.