Office Building with Rooftop Patio
118 SE 4th St, Des Moines, IA 50309
For Lease
Contact for pricing
Complete renovation underway; flexible floorplates allow multiple tenants and rooftop patio potential.
Space Size439 SF
Property Size33,792 SF
Days on Market1078
Property Features for 118 SE 4th St
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Property subtype
Space & Availability
Available Space
Divisible
Space Use
Sublease
Site & Location
Neighborhood
Highway Access
Building Details
Building Size
Tenancy
Spaces For Lease
at 118 SE 4th St
The Market Building Office Space for Lease or Sale
AVAILABLE, 30 Days
Floor
1
Size
439 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
The Market Building is the newest project from Christensen Development. Located in the heart of the Market District, this property will undergo a complete renovation, creating one of the most creative office opportunities in the marketplace.
The 33,792 square foot property has ability for multiple tenants and possibility for an attractive new rooftop patio. The building is conveniently located just south of the East Village and east of downtown Des Moines core, just minutes from Interstate 235. Modern finishes, creative loft feel, and proximity to East Village attractions make this building a perfect location for any office space user.
Available Space
+ 1st Floor:
− 16,896 SF
− Short-term leases currently in place
+ 2nd Floor:
− 16,896 SF
− 100% vacant
+ Available to demise down to 4,000 SF or go up
to 33,792 SF
+ Ownership will also consider
retail/event/entertainment uses
+ Up to 55 parking stalls on-site available for
lease
Pricing
+ Lease Rate: Negotiable
− Tenant Improvement Package Available
+ Sale Price: $4,950,000 ($146/SF)
− Includes 1 AC surface parking lot at 101 SE 3rd Street
− As-is sale price, property eligible for historic and
development incentives
Contact us
Listing Agency:
CBRE
(515) 224-4900
Listed By:
Bill Wright · License IA S33231000
(515) 210-3050
Source:
Moodyscre
Added: Nov 28, 2023
Changed: Oct 26
Last Checked: Nov 8 at 8:23AM
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
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Investment Insights
Based on property information with market context.
The Market Building is an office building designed for a flexible, creative workplace, with a complete renovation planned. The 33,792 SF building has the ability for multiple tenants, with space available to demise down to 4,000 SF or expand up to the full building size.
Space is currently broken out by floor: 1st floor offers 16,896 SF with short-term leases in place, while the 2nd floor provides 16,896 SF that is 100% vacant. Ownership will also consider retail/event/entertainment uses.
Parking is available for tenants, with up to 55 parking stalls on-site available for lease. The property is located at 118 SE 4th St in the heart of the Market District, just south of the East Village and east of downtown Des Moines, and it is just minutes from Interstate 235.
Space is currently broken out by floor: 1st floor offers 16,896 SF with short-term leases in place, while the 2nd floor provides 16,896 SF that is 100% vacant. Ownership will also consider retail/event/entertainment uses.
Parking is available for tenants, with up to 55 parking stalls on-site available for lease. The property is located at 118 SE 4th St in the heart of the Market District, just south of the East Village and east of downtown Des Moines, and it is just minutes from Interstate 235.
Key Highlights
- 33,792 SF office building with space available from 4,000 SF up to 33,792 SF
- Complete renovation planned for the Market Building
- 1st floor: 16,896 SF with short‑term leases in place
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
View Realmo Analytics
Market
Lease Benchmarks for Des Moines, IA
$17.94 /SF/Yr
Avg Asking Price
$16–$20 /SF/Yr
Price Range
24,586 SF
Avg Space Size
Average Price Trend$/SF/Yr for Office buildings in Des Moines, IA
Properties on Market for Office buildings in Des Moines
Vacancy Rate% for Office in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Office building - Complete renovation underway; flexible floorplates allow multiple tenants and rooftop patio potential.
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 with space available from 4,000 SF up to 33,792 SF; Complete renovation planned for the Market Building; 1st floor: 16,896 SF with short‑term leases in place
