Historic Corner Office Condominium
For Sale
Contact for pricing
100 Court Ave, Des Moines, IA 50309
Third-floor office condominium with six private offices, storage, and expansive north and east window lines.
Property Size2,028 SF
Price / SF$145.46
Days on Market302
Property Features for 100 Court Ave
General Information
Standard status
Active
Size
2,028 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Historic East Village
Additional Details
Floor
3
Office Units
1
Amenities
modernized lobby
common areas
Building Details
Year Built
1901
Buildings
1
Stories
6
Construction
brick & timber
Listing Agency:
CBRE
(515) 224-4900
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Jan 5
Changed: Nov 1
Last Checked: Nov 1 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Third-floor office condominium suite within a historic, multi-story building, featuring six (6) private offices plus a storage room. The space includes an expansive window line to the north and east, with a corner suite overlooking the riverwalk.
The property is located in the Court Avenue District near restaurants and the riverwalk, with proximity to the East Village, Market District, and Principal Park. The building is a historic, six-story structure with modernized first-floor lobby and common areas.
Designed by Proudfoot & Bird, the building was constructed in 1901 as a warehouse and was listed on the National Register of Historic Places in 1985. The converted office space reflects Chicago Commercial warehouse characteristics, including exposed brick, timber beams, and open ceilings.
The property is located in the Court Avenue District near restaurants and the riverwalk, with proximity to the East Village, Market District, and Principal Park. The building is a historic, six-story structure with modernized first-floor lobby and common areas.
Designed by Proudfoot & Bird, the building was constructed in 1901 as a warehouse and was listed on the National Register of Historic Places in 1985. The converted office space reflects Chicago Commercial warehouse characteristics, including exposed brick, timber beams, and open ceilings.
Key Highlights
- Third‑floor office condominium suite with six (6) private offices and a storage room
- Corner suite with expansive north and east window lines
- Views overlooking the riverwalk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,721
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,420
$534.4K
Cap Rate 7%
$381,729
$381.7K
Cap Rate 9%
$296,900
$296.9K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$44.5K $21.96/SF
− Vacancy
−$8.9K −$4.39/SF
EGI
$35.6K $17.57/SF
− OpEx
−$8.9K −$4.39/SF
NOI
$26.7K $13.18/SF
Area
Des Moines, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,420
Cap Rate 7%
$381,729
Cap Rate 9%
$296,900
Alternative Uses
Best Use
Office B
$381.7K
$334.0K – $445.4K
NOI $26,721 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.5K
$437.0K – $582.7K
NOI $34,962 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
3,894
Businesses Nearby
Explore this area
Business Placement
Demographics for 50309, IA
9,532
Population
7,562
Households
1.3
Avg Household Size
30
Median Age
67%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
3,530
Density / Sq Mi
$57,974
Median Household Income
$52,775
Median Earnings
$1,166
Median Rent
$286,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor office condominium with six private offices, storage, and expansive north and east window lines.
Where is this office unit located?
The property is located at 100 Court Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Third‑floor office condominium suite with six (6) private offices and a storage room; Corner suite with expansive north and east window lines; Views overlooking the riverwalk
