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Retail Space in West Des Moines
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840 1st Street, West Des Moines, IA 50265

New construction retail space with drive-thru and outdoor seating.

Space SizeContact for details
Days on Market153

Property Features for 840 1st Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE
Listed By: Bill Wright · License #S33231000
Source: Cbre
Added: Mar 25 Changed: Aug 21 Last Checked: Aug 23 at 12:30PM

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.

New construction retail space is available in Val-Gate on Highway 28/1st Street in West Des Moines. The property is located between Auto Zone and Scooter’s Coffee, with co-tenants including Dollar Tree and True Value Hardware. The space features a drive-thru with an 11-vehicle stack. It will be delivered in shell condition, with a tenant improvement allowance available. The property benefits from excellent frontage on Highway 28/1st Street and includes monument signage. A large front patio and extra-wide sidewalk provide opportunities for outdoor seating. The space is equipped with a grease interceptor and ample parking. Cross easement access and parking are available throughout the development. The property is surrounded by single-family homes and several multi-family housing developments. It is zoned PUD B&C - Business & Commercial Planned Unit Development. Nearby businesses include Auto Zone, Scooter’s, Dollar Tree, True Value Hardware, Casey’s, West Bank, Hy-Vee Fast & Fresh, Sully’s Irish Pub, and McDonald's. The property size is 2520 square feet.

Key Highlights

  • Excellent frontage on Highway 28/1st Street.
  • Drive‑Thru with 11 vehicle stack.
  • TI allowance available for shell condition delivery.

Property Analytics

Current Use

Valley Junction Plaza Shopping Center & Mall

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Repair Shop Dental Office Big Box & Wholesale Store Auto Parts Store

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

462
Businesses Nearby

Demographics for 50265, IA

32,187
Population
15,104
Households
2.1
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,668
Density / Sq Mi
$84,588
Median Household Income
$49,785
Median Earnings
$1,065
Median Rent
$267,600
Median Home Value

Market

Lease Benchmarks for West Des Moines, IA

$17.86 /SF/Yr
Avg Asking Price
$14–$21 /SF/Yr
Price Range
6,221 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - New construction retail space with drive-thru and outdoor seating.
Where is this retail space located?
The property is located at 840 1st Street West Des Moines, IA.
What are key features of this property?
This property features: Excellent frontage on Highway 28/1st Street.; Drive‑Thru with 11 vehicle stack.; TI allowance available for shell condition delivery.
More about this property
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