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Two-Story Office Building For Sale
For Lease
$16 SF/Yr

3161 Southeast 22nd Street, Des Moines, IA 50320

1,872 SF office building with partially finished basement.

Space SizeContact for details
Days on Market168

Property Features for 3161 Southeast 22nd Street

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE - Des Moines
Listed By: Bill Wright · License #S33231000
Source: Cbre
Added: Mar 25 Changed: Sep 8 Last Checked: Sep 8 at 5:22AM

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 - Des Moines

Investment Insights

Based on property information with market context.

This is a 1,872 square foot, two-story office building available for sale. Constructed in 1982, the property was remodeled in 2013, including new windows and siding, along with a quality interior remodel. The building features a 1,224 square foot partially finished basement suitable for storage, plus a patio/deck. A detached 24-foot by 24-foot garage or storage shed is also included. The property is located at the northeast corner of Southeast 22nd Street and East Park Avenue, adjacent to Edencrest at Riverwoods Senior Housing Complex. It is located 1.0 miles east of SE 14th Street/Hy-Vee, 0.6 miles south of the James W. Cownie Baseball/Soccer Complex, and 1.5 miles from the new Athene North Shore Recreation Area at Easter Lake. The property sits caddy-corner from Evergreen Park and Recreation Courts. The zoning is RX1. New furnace, air conditioning, and water heater are planned for 2025. This is an opportunity to own an office building in Southeast Des Moines.

Key Highlights

  • Unique opportunity to own an office building in SE Des Moines with limited office inventory.
  • Remodeled in 2013 with new windows, siding, and quality interior remodel.
  • New furnace/air conditioning/water heater in 2025.

Property Analytics

Current Use

The Dream Center Daycare Center ACC Holding Property Investment Company

Suggested Use

Top Pick Law Firm Spa & Massage Center Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

115
Businesses Nearby

Demographics for 50320, IA

23,369
Population
9,317
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
16.8 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,710
Median Household Income
$44,418
Median Earnings
$1,110
Median Rent
$207,700
Median Home Value

Market

Lease Benchmarks for Des Moines, IA

$16.71 /SF/Yr
Avg Asking Price
$9–$22 /SF/Yr
Price Range
30,518 SF
Avg Space Size

This space is priced 4% below the average of $16.71 /SF/Yr.

Vacancy Rate% for Office in Des Moines, IA

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

What type of property is this?
Office building - 1,872 SF office building with partially finished basement.
Where is this office building located?
The property is located at 3161 Southeast 22nd Street Des Moines, IA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Unique opportunity to own an office building in SE Des Moines with limited office inventory.; Remodeled in 2013 with new windows, siding, and quality interior remodel.; New furnace/air conditioning/water heater in 2025.
More about this property
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