Renovating Creative Office
For Lease
Contact for pricing
118 SE 4th St, Des Moines, IA 50309
The Market Building offers flexible office space across two floors, with on-site parking available for lease.
Space Size324 SF
Days on Market1021
Property Features for 118 SE 4th St
General Information
Standard status
Active
Size
324 SF
Total Parking Spaces
55
Property subtype
OFFICE
Building Details
Stories
2
Tenancy
Multi
Spaces For Lease
at 118 SE 4th St Contact us- Floor
- 1
- Size
- 324 SF
- Type
- OFFICE
- Rate
- Contact for pricing
- Availability
- AVAILABLE, 30 Days
- Sublease
- No
The Market Building Office Space for Lease or Sale
The Market Building is the newest project from Christensen Development. Located in...
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Listing Agency:
CBRE
(515) 224-4900
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Nov 28, 2023
Changed: Sep 4
Last Checked: Sep 13 at 10:54AM
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
Investment Insights
Based on property information with market context.
The Market Building is an office property currently undergoing a complete renovation, designed to deliver a creative loft-style environment. The building provides two floors totaling 33,792 square feet, with the 1st floor available at 16,896 square feet and the 2nd floor available at 16,896 square feet (100% vacant). Space can be leased to accommodate multiple tenants, with flexibility to demise down to 4,000 square feet or take the full 33,792 square feet. The ownership team will also consider retail/event/entertainment uses.
Located at 118 SE 4th St in Des Moines’ Market District, the property is positioned just south of the East Village and east of the downtown core, with access described as just minutes from Interstate 235. Up to 55 parking stalls are available on-site for lease, and the property also notes a possible rooftop patio as part of the redevelopment.
In addition to renovation, tenant improvement packaging is available, and the offering includes negotiated lease terms. An included on-site parking lot at 101 SE 3rd Street is referenced for the sale option.
Located at 118 SE 4th St in Des Moines’ Market District, the property is positioned just south of the East Village and east of the downtown core, with access described as just minutes from Interstate 235. Up to 55 parking stalls are available on-site for lease, and the property also notes a possible rooftop patio as part of the redevelopment.
In addition to renovation, tenant improvement packaging is available, and the offering includes negotiated lease terms. An included on-site parking lot at 101 SE 3rd Street is referenced for the sale option.
Key Highlights
- 33,792 SF office building in Des Moines’ Market District with space that can be leased up to the full 33,792 SF or demised down to 4,000 SF
- Two‑floor layout: 1st floor 16,896 SF (short‑term leases in place) and 2nd floor 16,896 SF (100% vacant)
- Up to 55 parking stalls on‑site available for lease, plus included surface parking at 101 SE 3rd Street
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,850
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Des Moines, IA
$16.71 /SF/Yr
Avg Asking Price
$9–$22 /SF/Yr
Price Range
30,518 SF
Avg Space Size
Vacancy Rate% for Office in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The Market Building offers flexible office space across two floors, with on-site parking available for lease.
Where is this office building located?
The property is located at 118 SE 4th St Des Moines, IA.
What are key features of this property?
This property features: 33,792 SF office building in Des Moines’ Market District with space that can be leased up to the full 33,792 SF or demised down to 4,000 SF; Two‑floor layout: 1st floor 16,896 SF (short‑term leases in place) and 2nd floor 16,896 SF (100% vacant); Up to 55 parking stalls on‑site available for lease, plus included surface parking at 101 SE 3rd Street
