Historic Office Building in Des
For Lease
$17 SF/Yr
1420 Locust Street, Des Moines, IA 50309
Two-story office building with unique architecture and high-end finishes.
Space SizeContact for details
Days on Market213
Property Features for 1420 Locust Street
General Information
Standard status
Active
Property subtype
Office
Site & Location
Neighborhood
Downtown Des Moines
Listing Agency:
CBRE - Des Moines
Listed By:
Blake Bogenrief, CCIM · License #S67535000
(515) 444-8067
Source:
Cbre
Added: Mar 25
Changed: Oct 21
Last Checked: Oct 23 at 4:47AM
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
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Investment Insights
Based on property information with market context.
This historic two-story office building is located in Downtown Des Moines, alongside the Pappajohn Sculpture Park and Western Gateway Park. The 7,689 square foot property features unique architecture, high-end finishes, tall, exposed ceilings, and ample natural light. Onsite parking is negotiable, and furniture is also negotiable. The estimated CAMIT is $11.73 per square foot. The building has an attractive glass and masonry storefront.
Key Highlights
- Prime Downtown Des Moines location adjacent to Pappajohn Sculpture Park and Western Gateway Park.
- Unique architecture and high‑end finishes.
- Historic, mixed‑use building with attractive glass and masonry storefront.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,461
Businesses Nearby
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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
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Market
Lease Benchmarks for Des Moines, IA
$18.45 /SF/Yr
Avg Asking Price
$16–$20 /SF/Yr
Price Range
26,951 SF
Avg Space Size
This space is priced 8% below the average of $18.45 /SF/Yr.
Vacancy Rate% for Office in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with unique architecture and high-end finishes.
Where is this office building located?
The property is located at 1420 Locust Street Des Moines, IA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Prime Downtown Des Moines location adjacent to Pappajohn Sculpture Park and Western Gateway Park.; Unique architecture and high‑end finishes.; Historic, mixed‑use building with attractive glass and masonry storefront.
