NOTABLE TRANSACTIONS: Historic fire station that housed Social Club sold for $2.3 million
The sale of the building that was home to historic Central Fire Station No. 1, and more recently the Des Moines Social Club, has been sold to a group of local buyers, Polk County real estate transactions show.
Dingel Properties LLC and Millang Properties LLC paid DMSC Building LLC $2.3 million for the property at 900 Mulberry St. in Des Moines, Polk County real estate records show. Dingel Properties is managed by Tyler Dingel; Millang Properties is managed by Todd Millang. Both are senior vice presidents for CBRE|Hubbell Commercial.
The property includes the former fire station, which was constructed in 1937. The nonprofit Des Moines Social Club purchased the property in 2012, paying the city $600,000. The property was transformed into an arts and cultural center.
The Social Club made nearly $7 million in improvements to the property, according to information provided to the Des Moines City Council in December. The renovations exceeded the group’s fundraising total of $4.3 million, “causing constant pressure on their operating funds,” the city document said.
In April 2021, a group that was put in place to reimagine the campus and business model announced the property would be sold. An offer to purchase the property was made by an out-of-state buyer, who later backed out of the deal.
The property is valued at about $2.8 million, according to the Polk County assessor.
The transaction was recorded June 1.
In other transactions:
Div Clipper LLC, located in Overland Park, Kan., paid 1817 Euclid LLC $1.7 million for property at 1817 Euclid Ave. in Des Moines, records show. The nearly 5-acre parcel includes a 19,125-square-foot metal building erected in 1974, a 2,500-square-foot office building and 6,000-square-foot warehouse. The property is valued at $749,000. The transaction was recorded May 31.
Property in West Des Moines at 640 S. 50th St. that includes commercial and residential uses has been sold for $9.37 million, records show. The buyer of the property is listed as 2026 South Hammond Road LP. Yoshiteru Koide, founder of ProbioFerm, a biotech company with offices in Urbandale, is a managing partner in 2026 South Hammond Road LP, records show. The seller of the mixed-use property is Fox Prairie Investors LLC, managed by Hubbell Realty Co. The transaction was recorded June 3.
Iowa MHPS LLC, located in Sacramento, Calif., paid B&C Iowa Property Inc. $2.25 million for property at 613 Polk St. in De Soto, Dallas County real estate records shows. The 17.3-acre parcel includes a manufactured home park. The property is valued at $677,573. The transaction was recorded June 1.
Travis and Sarah Black paid Dizdar Homes LLC $1.2 million for property at 3600 N.W. 178th Court in Clive, records show. The property includes a one-story house constructed in 2022. The transaction was recorded June 1.