<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3QQAGC_1Emj93BZ00" alt="https://img.particlenews.com/image.php?url=3QQAGC_1Emj93BZ00" width="1032" height="617" ></figure>Developer Tim Rypma, doing business as Threshing Warehouse LLC, has acquired warehouse property at 108 E. Fourth St. in Des Moines for $1.6 million, Polk County real estate records show. Rypma acquired the property from Steven and Diane Kreutzer and Lori and Mark Klein.According to information on the city of Des Moines’ website, Rypma is proposing a $13.7 million historical renovation of the two-story, 41,000-square-foot masonry building that was constructed in 1895. The building will be converted to office space, according to the website. Rypma is seeking state and national historic tax credits for the project and the city council in June approved an Urban Renewal Development Agreement.Renovation plans include masonry rehabilitation and new double-hung window replacements, the additions of a garden patio and raised patio as well as the installation of a new passenger elevator. The transaction was recorded Aug. 26.In other transactions:Greenland Homes Inc., based in Granger, paid Wolf Pack LLC $1.7 million for 18 residential lots in Prairie Landing Plat 2 in Altoona, records show. The plat is in southeast Altoona. The transaction was recorded Aug. 24.Katie and Shaun Riekena paid Nexus Capital Partners LLC $1.7 million for property at 339 45th Street in Des Moines, records show. The property includes a two-story, 4,011-square-foot house built in 1952 and remodeled in 2025. The transaction was recorded Aug. 24.Gurley Leep Automative Group, doing business as DMHON RE LLC, paid Holmes Oldsmobile Co. Inc. and Holmes Automotive Group Inc. $3.9 million for property at 11206 and 11264 Hickman Road in Clive, records show. A Smart Honda dealership, previously operated by Smart Automotive Group, is located on the property. Gurley Leep, based in Indiana, acquired the dealership in 2021, according to news articles. The property acquired by DMHON RE LLC is valued at over $8.4 million and includes a 52,430-square-foot auto sales center. The transaction was recorded Aug. 24.Jim Gilbertson and Leslie Petersen paid Gregory and Lori O’Hara $1.1 million for property at 1326 NE Tuscany Blvd. in Ankeny, records show. The property includes a one-story, 2,671-square-foot house built in 2020. The transaction was recorded Aug. 25.Clayton and Rachael Oakley paid James and Anne Risewick $1.1 million for property at 10534 NW 75th Place in Johnston, records show. The property includes a 3,204-square-foot house built in 2011. The transaction was recorded Aug. 25.Alison and Mitchel Stewart paid Matthew and Debra Menke just over $1 million for property at 14006 South Shore Drive in Clive, records show. The two-story, 3,632-square-foot house was built in 1992. The transaction was recorded Aug. 26.David and Cristy Magill paid Sara and Jon Gaskell $1.4 million for property at 4100 John Lynde Road in Des Moines, records show. The two-story, 3,255-square-foot house was built in 1939 and remodeled in 1975. The transaction was recorded Aug. 26.Kalani Holdings LLC, located in Des Moines, paid Mainline Construction Inc. $1.5 million for property at 773 NE 47th Place in Des Moines, records show. The 1.5-acre parcel includes a 9,600-square-foot warehouse built in 2005. The property is valued at just over $1 million. The transaction was recorded Aug. 26.Plumbers &amp; Steamfitters Local Union 33, located in Des Moines, paid Buie Co. LC $3 million for property at 2511 Bell Ave. in Des Moines, records show. The 3.7-acre parcel, which includes a 54,865-square-foot office and manufacturing building, is adjacent to property the union already owns along Bell Avenue. The recently purchased property is valued at $2.4 million. The transaction was recorded Aug. 28.Raccoon Crossing LLC, located in Des Moines, paid USS Husmann LLC $1.9 million for properties at 301, 309 and 403 SE Eighth St. in Des Moines, records show. The property at 301 SE Eighth St., valued at $931,000, includes a 33,400-square-foot warehouse built in 1971. The property at 309 SE Eighth St., valued at $599,000, includes a 21,314-square-foot warehouse built in 1968. The property at 403 SE Eighth St. is semi-improved. The transaction was recorded Aug. 28.<h2>Dallas County</h2>Timothy and Katherine Crawford paid Roscoe Jones Jr. and Serena Holthe $1.1 million for property at 10415 Thorne Drive in West Des Moines, Dallas County real estate records show. The 2,011-square-foot, one-story house was built in 2023. The transaction was recorded Aug. 28.Mark and Olivia Turner paid Mark and Monica Lanning $1.3 million for property at 165 Hidden Meadow Drive in Waukee, records show. The 1.5-acre parcel includes a 3,817-square-foot house built in 2014. The transaction was recorded Aug. 28.St. Mary Coptic Orthodox Church, located in Des Moines, paid DX3 Holdings LLC $1.1 million for 17 acres of farm land at 25467 288th Trail in Adel, records show. The transaction was recorded Aug. 28.Davis Estates Ltd., located in Davenport, paid Fast1 LLC $6.1 million for property at 9150 University Ave. in West Des Moines, records show. The 2.8-acre parcel includes a 6,529-square-foot Fast &amp; Fresh convenience store with gasoline pumps. The property, valued at $3.6 million, was developed in 2022. The transaction was recorded Aug. 26.Eric and Lacey Grubb paid Timothy and Jessica Fleming $1.9 million for property at 145 Indian Ridge Drive in Waukee, records show. The property includes a 3,367-square-foot house built in 2022. The transaction was recorded Aug. 25.DR Horton Iowa LLC, located in Ankeny, paid Mallard Group Inc. just over $1 million for 10 residential building lots in Mallard Prairie Plats 4 and 5 in Urbandale, records show. The lots are in northwest Urbandale, southwest of Radiant Elementary School. The transaction was recorded Aug. 24.</div></body>

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Developer Tim Rypma, doing business as Threshing Warehouse LLC, has acquired warehouse property at 108 E. Fourth St. in Des Moines for $1.6 million, Polk County real estate records show. Rypma acquired the property from Steven and Diane Kreutzer and Lori and Mark Klein. According to information on the city...

NOTABLE TRANSACTIONS: Developer acquires historic warehouse in Des Moines

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Developer Tim Rypma, doing business as Threshing Warehouse LLC, has acquired warehouse property at 108 E. Fourth St. in Des Moines for $1.6 million, Polk C

NOTABLE TRANSACTIONS: Developer acquires historic warehouse in Des Moines

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