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    1011 Locust St Des Moines, IA 50309

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    For Lease
    $18 SF/Yr ($749 /Mo)

    Restored office suites in a dynamic downtown location.

    Property size:
    490 SF
    Lot size:
    0.41 Acres

    Property Features for 1011 Locust St

    General Information

    Size
    490 SF
    Lot size
    0.41 Acres

    Source: Peter Brown Commercial Real Estate Agent Peter Brown

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

    Overview

    Historic Downtown Office Space Available

    The Temple building, a restored and renovated historic structure, anchors the Western Gateway and is recognized as a symbol of downtown dynamism. Office suites are available on the third floor, offering 490 square feet of space. A common conference room is available for tenant use. The building is home to Centro and St. Kilda.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Temple Theater Performing Arts Theater Des Moines Symphony Orchestra Winefest Des Moines Non-Profit Organization Temple for the Performing Arts Corporate Office Spiller Design + Architecture Architecture Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6303035
    Latitude
    41.5858575

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    FAQs

    What type of property is this?
    Office space - Restored office suites in a dynamic downtown location.
    Where is this office space located?
    The property is located at 1011 Locust St Des Moines, IA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Located in the Temple, a restored and renovated historic building recognized as a symbol of Downtown's dynamism.; - Anchors the Western Gateway, a focus for new downtown development.; - Third-floor office suite available offering 490 SF.
    (515) 778-6480
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    1011 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
    1011 Locust St Des Moines, IA 50309
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