NOTABLE TRANSACTIONS: Chase Bank buys property along Ingersoll Avenue in Des Moines
BPC Staff Apr 12, 2022 | 11:52 pm
1 min read time175 wordsAll Latest News, Real Estate & Development
JP Morgan Chase Bank N.A. has purchased property along Ingersoll Avenue in Des Moines, Polk County real estate records show.
The financial institution, located in Columbus, Ohio, paid 3101 Ingersoll LLC $1.87 million for property at 3101 Ingersoll Ave. (pictured) in Des Moines, records show.
The nearly quarter-acre parcel is located on the northwest corner of the intersection of 31st Street and Ingersoll Avenue. The 9,052-square-foot, two-story office building, which had been occupied by Buyers Realty, was constructed in 1957.
The property is valued at $686,000.
During the past year, Chase Bank, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., has been expanding its presence in the Des Moines area.
It plans on constructing a new building at Mills Civic Parkway and Stagecoach Drive in West Des Moines. It opened a branch at 6150 S.E. 14th St. in Des Moines in February, and in August 2021 it opened its first retail branch in Iowa at 3627 Merle Hay Road.
The transaction involving the property on Ingersoll was recorded March 28.