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    500 E Locust St Des Moines, IA 50309

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    For Lease
    $12 SF/Yr ($1,920 /Mo)

    Renovated office space in a historic East Village building.

    Property size:
    1,920 SF
    Lot size:
    101.70 Acres

    Property Features for 500 E Locust St

    General Information

    Size
    1,920 SF
    Lot size
    101.70 Acres

    Source: Ferguson Commercial Real Estate Services Agent Ben Brackett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic East Village Office Space

    The Teachout Building, constructed in 1912, is located in the East Village, near the State Capitol. The building underwent a significant renovation and was placed on the National Register of Historic Places in 1999. The available office space is 1920 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Photo Booth Picture ... Photo Booth Pitchly Software Company VolunteerLocal Software Company Neapolitan Labs Website Designer Teachout Building Event Venue

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6239028
    Latitude
    41.5869177

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    FAQs

    What type of property is this?
    Office space - Renovated office space in a historic East Village building.
    Where is this office space located?
    The property is located at 500 E Locust St Des Moines, IA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of the East Village.; - At the foot of the State Capitol.; - Dynamic space.
    (515) 440-0400
    Request Owner's contact information
    500 E Locust St Des Moines, IA 50309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 E Locust St Des Moines, IA 50309
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