Listing Agency: CBRE g***@cbre.com Show Phone

Listed By: Grant Wright, CCIM · License #S71622000 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 8 Last Checked: Aug 8 at 2:37PM

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Investment Insights

Based on property information with market context.

This retail space is located within the Historic Court Avenue District. The property features expansive window lines, open floor plans, and exposed brick. Recently completed updates include common areas and building signage. A lease is currently in place on the first floor with a local restaurant. The property offers potential for conventional restaurants and other commercial uses.

Key Highlights

• In‑place lease on 1st floor with strong local restaurant
• Excellent visibility within Historic Court Avenue District
• Expansive window lines

Property Analytics

Property Profile

Current Use

The Stuffed Olive Des ... Bar & Pub The District Bar & Pub NesEmil – Yum Yum Restaurant Suite 203 Bar & Pub the venue Hotel & Motel

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Fish Market Veterinary Clinic Acupuncture Mobile Phone Store 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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,894

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

$18.63 /SF/Yr

Avg Asking Price

$8.5–$34 /SF/Yr

Price Range

11,683 SF

Avg Space Size

Vacancy Rate% for Retail in Des Moines, IA

5% 2019

8.4% 2020

5.8% 2021

6.2% 2022

6.1% 2023

6% 2024

5.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with excellent visibility in Historic Court Avenue.

Where is this retail space located?

The property is located at 216 Court Avenue Des Moines, IA.

What are key features of this property?

This property features: In‑place lease on 1st floor with strong local restaurant; Excellent visibility within Historic Court Avenue District; Expansive window lines