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Partnership Building with Parking Garage
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700 Locust St, Des Moines, IA 50309

Ten-story office, retail, and parking garage building with basement and food court in downtown Des Moines.

Property Size76,000 SF
Lot Size0.92 Acres
Days on Market123

Property Features for 700 Locust St

General Information

Standard status Active
Size 76,000 SF
Total Parking Spaces 750
Lot size 0.92 Acres
Property subtype Office

Amenities

food court

Building Details

Stories 10
Listing Agency: CBRE - Des Moines
Listed By: Jon Ledinsky · License #IA S44423000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 12:36AM

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.

The Partnership Building is a 10-story office/retail/parking garage property with a basement and food court. Completed in 1981–1982, the building includes over 76,000 square feet of office/retail space. The primary tenant is the Greater Des Moines Partnership, and the property also provides control of 750 parking ramp spaces.

The building is located at 700 Locust Street in the center of the Central Business District in Des Moines, Iowa. Additional context from the offering describes the asset as situated on 0.92 acres.

For buyers seeking a mixed-use downtown asset, The Partnership Building combines office and retail space with structured parking and shared food court areas within the same development.

Key Highlights

  • 10‑story office/retail and parking garage building with basement and food court at 700 Locust St in Des Moines’ Central Business District
  • Over 76,000 SF of office/retail space, with the Greater Des Moines Partnership as the primary tenant
  • Controls 750 parking ramp spaces in the middle of Des Moines’ Central Business District

Property Analytics

Current Use

Prep Kings Deli Restaurant Greater Des Moines ... Charitable Organization OneHandUP.org Community Center Capital Crossroads Charitable Organization dsmeye-skywalk (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Storage Facility Electrical Service HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

4,526
Businesses Nearby

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

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 - Ten-story office, retail, and parking garage building with basement and food court in downtown Des Moines.
Where is this office building located?
The property is located at 700 Locust St Des Moines, IA.
What are key features of this property?
This property features: 10‑story office/retail and parking garage building with basement and food court at 700 Locust St in Des Moines’ Central Business District; Over 76,000 SF of office/retail space, with the Greater Des Moines Partnership as the primary tenant; Controls 750 parking ramp spaces in the middle of Des Moines’ Central Business District
(515) 745-5113 Call to check price and availability
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