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Historic Loft-Style Apartment Building
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320 SW 7th St, Des Moines, IA 50309

58-unit apartment community featuring loft-style 1- and 2-bedroom residences within a repurposed 1902 warehouse.

Property SizeContact for details
Days on Market123

Property Features for 320 SW 7th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 58

Amenities

fitness center
dog park
business center
community room
game room
rooftop terrace

Building Details

Year Built 1902
Year Renovated 2013
Listing Agency: CBRE - Des Moines
Listed By: Clark Matthews · License #21369
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 7:59AM

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.

Rocket Transfer Lofts is a 58-unit apartment community at 320 SW 7th St in downtown Des Moines. Originally the Hawkeye Transfer Company warehouse constructed in 1902, the property was transformed into loft-style apartments in 2013. Residences feature a mix of 1- and 2-bedroom layouts that combine original architectural elements with contemporary finishes.

The community offers on-site surface parking, along with a fitness center, dog park, business center, community room, game room, and a rooftop terrace with skyline views. Rocket Transfer is positioned for walkability to downtown Des Moines’ largest employment concentration, as well as entertainment, restaurants, and nightlife.

As an income-producing multifamily property, Rocket Transfer Lofts presents a historic-to-modern adaptive reuse concept with apartment amenities and convenient downtown access.

Key Highlights

  • 58‑unit apartment community in downtown Des Moines
  • Former Hawkeye Transfer Company warehouse built in 1902, converted into loft‑style units in 2013
  • Unit mix includes 1- and 2‑bedroom residences

Property Analytics

Current Use

Rocket Transfer Lofts Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Acupuncture Restaurant Fish Market Furniture & Home Goods

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

58
Residential units

Location Intelligence

Trade Area within ½ mile

2,796
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 58-unit apartment community featuring loft-style 1- and 2-bedroom residences within a repurposed 1902 warehouse.
Where is this apartment building located?
The property is located at 320 SW 7th St Des Moines, IA.
What are key features of this property?
This property features: 58‑unit apartment community in downtown Des Moines; Former Hawkeye Transfer Company warehouse built in 1902, converted into loft‑style units in 2013; Unit mix includes 1- and 2‑bedroom residences
More about this property
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