Rypma Properties plans to convert the old Nichols & Shepard agricultural equipment warehouse on Southeast Fourth Street in the East Village into office space, according to documents attached to Monday’s Des Moines City Council agenda.
The council will consider a resolution approving the preliminary terms of an Urban Renewal Development Agreement with Rypma Properties, which has proposed a historic renovation and conversion of the warehouse, where Nichols & Shepard made agricultural threshing equipment.
The building was constructed in 1895 and is listed on the National Register of Historic Places. According to the Polk County Assessor’s website, it has an assessed value of $527,000…