Creative Office
For Lease
Contact for pricing
118 SE 4th St, Des Moines, IA 50309
Renovation underway with space available on both floors and on-site parking for leased use.
Space Size984 SF
Days on Market1021
Property Features for 118 SE 4th St
General Information
Standard status
Active
Size
984 SF
Total Parking Spaces
55
Property subtype
OFFICE
Additional Details
Business Included
No
Highway Access
Yes
Building Details
Stories
2
Tenancy
Multi
Spaces For Lease
at 118 SE 4th St Contact us- Floor
- 1
- Size
- 984 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 9
Last Checked: Sep 13 at 10:43AM
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 a multi-tenant creative office property undergoing a complete renovation. The building totals 33,792 square feet and offers 16,896 square feet on each of the first and second floors, with the second floor currently vacant. Available space can be demised down to 4,000 square feet or expanded up to the full 33,792 square feet. Ownership will also consider retail/event/entertainment uses, and tenant improvement packages are available.
The property is located in Des Moines’ Market District, just south of the East Village and east of downtown, and is minutes from Interstate 235.
On-site parking is available for lease, with up to 55 parking stalls available.
The property is located in Des Moines’ Market District, just south of the East Village and east of downtown, and is minutes from Interstate 235.
On-site parking is available for lease, with up to 55 parking stalls available.
Key Highlights
- 33,792 SF Market Building in Des Moines’ Market District, with multi‑tenant ability and option to lease up to the full building
- Space available: 1st Floor 16,896 SF (short‑term leases in place) and 2nd Floor 16,896 SF (100% vacant)
- Demise options include leasing down to 4,000 SF or taking up to 33,792 SF
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
Check the figures for this property
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 - Renovation underway with space available on both floors and on-site parking for leased use.
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 Market Building in Des Moines’ Market District, with multi‑tenant ability and option to lease up to the full building; Space available: 1st Floor 16,896 SF (short‑term leases in place) and 2nd Floor 16,896 SF (100% vacant); Demise options include leasing down to 4,000 SF or taking up to 33,792 SF
