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Historic East Village Office Space
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500 E Locust St, Des Moines, IA

Renovated office space in a historic East Village building.

Space Size1,920 SF
Lot Size101.70 Acres
Days on Market1170

Property Features for 500 E Locust St

General Information

Standard status Active
Size 1,920 SF
Lot size 101.70 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 500 E Locust St Contact us

Office Space Available at the Teachout Building $12/SF/Yr

Size
1,920 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
The Teachout Building, built in 1912, was placed on the National Register of Historic...
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Contact us
Listing Agency: Ferguson Commercial Real Estate Services
Listed By: Ben Brackett · License #S36434000
Source: Moodyscre
Added: May 31, 2023 Changed: Aug 9 Last Checked: Aug 12 at 7:16AM

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 Ferguson Commercial Real Estate Services

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Located in the heart of the East Village.
  • At the foot of the State Capitol.
  • Dynamic space.

Property Analytics

Current Use

Photo Booth Picture ... Photography Service Pitchly (Bike/Boat/Book/etc) Store VolunteerLocal (Bike/Boat/Book/etc) Store Neapolitan Labs Marketing & Advertising Teachout Building Hotel & Motel

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Furniture & Home Goods Veterinary Clinic Acupuncture

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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,894
Businesses Nearby

Market

Lease Benchmarks for Des Moines, IA

$15.38 /SF/Yr
Avg Asking Price
$8.5–$22 /SF/Yr
Price Range
7,968 SF
Avg Space Size

This space is priced 22% below the average of $15.38 /SF/Yr.

Vacancy Rate% for Office in Des Moines, IA

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

What type of property is this?
Office units - Renovated office space in a historic East Village building.
Where is this office units 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 Call to check price and availability
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