Historic East Village Office
For Lease
$12 SF/Yr
500 E Locust St, Des Moines, IA 50309
Renovated office space in a historic East Village building.
Space Size1,920 SF
Property Size19,500 SF
Days on Market307
Property Features for 500 E Locust St
General Information
Standard status
Active
Size
1,920 SF
Class
B
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
19,500 SF
Year Built
1912
Spaces For Lease
at 500 E Locust St Contact us- Size
- 1,920 SF
- Term
- Negotiable
Suite 301 $12/SF/Yr
- Size
- 1,920 SF
- Term
- Negotiable
Suite 401 $12/SF/Yr
- Size
- 1,920 SF
- Term
- Negotiable
Suite 501 $12/SF/Yr
Listed By:
Ben Brackett
(515) 556-4596
Source:
Fergusoncres
Added: Nov 24, 2025
Changed: Sep 3
Last Checked: Sep 26 at 5:33AM
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 Ben Brackett
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
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,041
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
$13.8 /SF/Yr
Avg Asking Price
$6–$22 /SF/Yr
Price Range
8,632 SF
Avg Space Size
This space is priced 13% below the average of $13.8 /SF/Yr.
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 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.
