Spaces For Lease

at 118 SE 4th St Contact us

The Market Building Office Space for Lease or Sale

Floor

1

Size

1,644 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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The Market Building Office Space for Lease or Sale

Floor

1

Size

255 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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The Market Building Office Space for Lease or Sale

Floor

1

Size

324 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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The Market Building Office Space for Lease or Sale

Floor

1

Size

482 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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The Market Building Office Space for Lease or Sale

Floor

1

Size

647 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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The Market Building Office Space for Lease or Sale

Floor

1

Size

984 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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Contact us

The Market Building Office Space for Lease or Sale

Floor

1

Size

200 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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The Market Building Office Space for Lease or Sale

Floor

1

Size

439 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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Contact us

The Market Building Office Space for Lease or Sale

Floor

1

Size

200 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, 30 Days

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

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Contact us

The Market Building Office Space for Lease or Sale

Floor

2

Size

16,896 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, Now

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

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Contact us

The Market Building Office Space for Lease or Sale

Floor

1

Size

11,074 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE

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

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Listing Agency: CBRE b***@cbre.com Show Phone

Listed By: Bill Wright · License #S33231000 Show Phone

Source: Moodyscre

Added: Nov 28, 2023 Changed: Aug 8 Last Checked: Aug 8 at 1:31PM

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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

Investment Insights

Based on property information with market context.

The Market Building, a project by Christensen Development, is located in the Market District. This 33,792 square foot property is undergoing a complete renovation to create office spaces. The building's location south of the East Village and east of downtown Des Moines provides convenient access to Interstate 235. The property features modern finishes, a creative loft feel, and proximity to East Village attractions. The building has the ability to accommodate multiple tenants and the possibility for a rooftop patio. The first floor offers 16,896 square feet with short-term leases currently in place, while the second floor also provides 16,896 square feet and is 100% vacant. The available space can be demised down to 4,000 square feet or expanded up to 33,792 square feet. Ownership is open to considering retail, event, or entertainment uses. Up to 55 on-site parking stalls are available for lease. The sale price includes an adjacent surface parking lot at 101 SE 3rd Street and the property is eligible for historic and development incentives.

Key Highlights

• Prime location in the heart of the Market District, near East Village and downtown Des Moines, with convenient access to Interstate 235.
• Significant redevelopment opportunity with a complete renovation planned, offering a creative office space with modern finishes and a loft feel.
• Flexible space options: Available to demise down to 4,000 SF or up to 33,792 SF, suitable for multiple tenants.

Property Analytics

Property Profile

Current Use

eComegy Marketing & Advertising Prairie Song Therapeutic Alternative Medicine Practice Jaina Olson Photography Photography Service Heartwood Touch Therapy Alternative Medicine Practice FCS Painting Painting Service

Suggested Use

Top Pick Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Garden Center Veterinary Clinic

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

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

Market

Lease Benchmarks for Des Moines, IA

$17.44 /SF/Yr

Avg Asking Price

$9–$24.95 /SF/Yr

Price Range

40,495 SF

Avg Space Size

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023

20% 2024

16.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Creative office space in the heart of the Market District.

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: Prime location in the heart of the Market District, near East Village and downtown Des Moines, with convenient access to Interstate 235.; Significant redevelopment opportunity with a complete renovation planned, offering a creative office space with modern finishes and a loft feel.; Flexible space options: Available to demise down to 4,000 SF or up to 33,792 SF, suitable for multiple tenants.