This is a rare investment opportunity. The seller is seeking an ambitious, growth-oriented, and forward-thinking doctor who can recognize and appreciate this unique opportunity.
One of the most important aspects of this practice is its significant potential for growth. This practice is positioned for expansion simply by:
(a) Increasing weekly practice hours:
The current appraised value of $85,700 is based on the doctor treating patients only 20 hours per week, Monday through Thursday, from 7:00 A.M. to 12:00 P.M. There is substantial opportunity for easy growth by simply extending hours to a full-time schedule.
(b) Establishing a social media presence:
The current doctor has been slow to embrace the importance of using social media. A younger doctor could easily leverage this tool to increase visibility and increase patient visits.
(c) Participating in additional health insurance plans:
There are several insurance plans in which the practice currently does not participate. Joining more plans could immediately increase the patient base.
(d) Utilizing underused office space:
There are countless possibilities for generating additional income by using the underutilized office space—such as bringing in another DC, a nurse practitioner, massage therapist etc.
With 35 years of success, this practice has earned the trust of countless local business owners, employees, and residents. The current doctor is seeking a caring doctor who will care for patients and continue the strong legacy of trust and service built over 35 years.
Why This Practice?
Step in, start treating patients, and begin generating income immediately.
This is your chance to take advantage of the changes taking place in downtown Des Moines and hit the ground running with a well-established, primarily referral-based practice in a highly desirable area.
The demand for chiropractic services is expected to increase significantly, particularly with the upcoming construction of a 33-story residential tower just one block away from the practice.
Situated on the skywalk in downtown Des Moines, this office offers unmatched visibility. Your practice will be front-and-center to a growing population walking by your door each day. Plans to add nearly 1,400 apartment units to the central business district in the coming years will bring even more potential patients directly to your door.
This central location allows patients to easily schedule appointments before, after, or even during their workday—making it convenient and encouraging regular visits. The ratio of chiropractors to the downtown population cannot be over emphasized. There are only two chiropractors serving tens of thousands of downtown employees and an estimated 10,000 residents. Again there is great potential for growth with minimal competition.
A public parking ramp connected to the skywalk is located just across the street from the office. Many patients already live or work downtown, meaning they are often already parked nearby. Street parking is also available.
Own the Space & Build Wealth: This condo office, along with two heated underground parking spaces, are available for purchase. Ownership of the office real estate allows the doctor to save money on taxes and pay themselves rent. Why pay rent to someone else when you can own the building and pay rent to yourself? This is an opportunity to save a tremendous amount of money while building equity in ownership ensuring your financial success, both now and in the future. Calculate how much money you would keep in your pocket over the years by paying rent to yourself rather than paying rent to someone else.
The real estate offering—which includes the condo office and two garage parking spaces—adds significant value to this opportunity. Owning the space can offer long-term financial benefits and provide stability for the next owner.
Having two heated underground parking stalls located just two floors below the office is an added plus; both parking stalls are in close proximity to the elevators.
The property’s close proximity to the courthouse makes it especially appealing to attorneys, opening the door to professional relationships—such as personal injury (PI) case referrals—or even interest from attorneys as future buyers of the space.