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Historic Office Building with 14-Foot Ceilings
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108 3rd St, Des Moines, IA 50309

Historic office building with 14-foot ceilings, natural light, and space sizes ranging up to 31,833 SF.

Property Size31,833 SF
Days on Market122

Property Features for 108 3rd St

General Information

Standard status Active
Size 31,833 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Clear Height 14 ft

Amenities

natural lighting
branding/signage opportunity
Listing Agency: JLL
Listed By: Justin Lossner, CCIM, SIOR · License #S67582000
Source: Moodyscre
Added: Apr 2 Changed: Jul 27 Last Checked: Jul 31 at 3:28AM

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 JLL

Investment Insights

Based on property information with market context.

This historic office building is currently undergoing historic renovation and is listed on the National Historic Registry. Available space ranges from 2,500 to 31,833 SF, with leasing terms including a negotiable lease rate and operating expenses available upon request. Inside, the property offers 14-foot ceilings with exposed mass timber and brick, along with natural lighting throughout, creating a distinctive, character-forward workspace.

Located at 108 3rd St in downtown Des Moines, the building is in close proximity to restaurants, office users, entertainment, and hospitality. The property also notes heavy daytime traffic, supporting strong visibility for branded signage opportunities.

With its renovated historic features and flexible suite size range, the building is well suited for office tenants seeking an established downtown address and a high-ceiling interior presentation.

Key Highlights

  • Historic office building on the National Historic Registry currently undergoing historic renovation
  • 14' ceilings featuring exposed mass timber and brick
  • Natural lighting throughout the building

Property Analytics

Current Use

daily stock tips Big Box & Wholesale Store Flanagan Law Group, ... Law Firm Saxton Furniture & Home Goods International Rescue Committee ... Social Service Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Fish Market Veterinary Clinic Acupuncture Mobile Phone Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft
Clear height
NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,894
Businesses Nearby

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

Market

Lease Benchmarks for Des Moines, IA

$17.44 /SF/Yr
Avg Asking Price
$9–$24.95 /SF/Yr
Price Range
58,674 SF
Avg Space Size

This space is priced 5% below the average of $17.44 /SF/Yr.

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023
20% 2024
16.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Historic office building with 14-foot ceilings, natural light, and space sizes ranging up to 31,833 SF.
Where is this office building located?
The property is located at 108 3rd St Des Moines, IA.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Historic office building on the National Historic Registry currently undergoing historic renovation; 14' ceilings featuring exposed mass timber and brick; Natural lighting throughout the building
(515) 371-0846 Call to check price and availability
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