Office Building with Rooftop Patio
For Lease
Contact for pricing
118 SE 4th St, Des Moines, IA 50309
Complete renovation underway; flexible floorplates allow multiple tenants and rooftop patio potential.
Property Size4,000 SF - 33,792 SF
Days on Market975
Property Features for 118 SE 4th St
General Information
Standard status
Active
Size
4,000 SF - 33,792 SF
Net Rentable
4,000 SF
Total Parking Spaces
55
Property subtype
OFFICE
Space & Availability
Available Space
4,000-33,792 SF
Divisible
Yes
Space Use
Creative Office
Sublease
No
Additional Details
Highway Access
Yes
Building Details
Building Size
33,792 SF
Tenancy
Multi
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Nov 28, 2023
Changed: Jul 30
Last Checked: Jul 30 at 2:39AM
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 is an office building designed for a flexible, creative workplace, with a complete renovation planned. The 33,792 SF building has the ability for multiple tenants, with space available to demise down to 4,000 SF or expand up to the full building size.
Space is currently broken out by floor: 1st floor offers 16,896 SF with short-term leases in place, while the 2nd floor provides 16,896 SF that is 100% vacant. Ownership will also consider retail/event/entertainment uses.
Parking is available for tenants, with up to 55 parking stalls on-site available for lease. The property is located at 118 SE 4th St in the heart of the Market District, just south of the East Village and east of downtown Des Moines, and it is just minutes from Interstate 235.
Space is currently broken out by floor: 1st floor offers 16,896 SF with short-term leases in place, while the 2nd floor provides 16,896 SF that is 100% vacant. Ownership will also consider retail/event/entertainment uses.
Parking is available for tenants, with up to 55 parking stalls on-site available for lease. The property is located at 118 SE 4th St in the heart of the Market District, just south of the East Village and east of downtown Des Moines, and it is just minutes from Interstate 235.
Key Highlights
- 33,792 SF office building with space available from 4,000 SF up to 33,792 SF
- Complete renovation planned for the Market Building
- 1st floor: 16,896 SF with short‑term leases in place
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
58,674 SF
Avg Space Size
Vacancy Rate% for Office in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Complete renovation underway; flexible floorplates allow multiple tenants and rooftop patio potential.
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: 33,792 SF office building with space available from 4,000 SF up to 33,792 SF; Complete renovation planned for the Market Building; 1st floor: 16,896 SF with short‑term leases in place
