Listing Agency: Exit Realty and Associates m***@cbre.com Show Phone

Listed By: Mike Macri, CCIM Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 26 Last Checked: Aug 30 at 1:38PM

Report an Issue

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 Exit Realty and Associates

Investment Insights

Based on property information with market context.

This property features an existing 61-stall income-producing parking garage. It is connected to the skywalk via the Kirkwood Commons building. The property is located within walking distance of the Court Avenue District, the Polk County Court House, and the Des Moines Civic Center. The zoning is DX1 - Downtown District, allowing for potential high-rise development. The property is located next to the historic Court District.

Key Highlights

• Income‑producing 61‑stall parking garage
• Potential high‑rise development opportunity
• Connected to skywalk via Kirwood Commons

Property Analytics

Property Profile

Current Use

AAA Home Services Waste Management Facility

Suggested Use

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

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

4,041

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

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Standalone One-Story Office Building

2721 SW 30th St, Des Moines, IA 50321

$590,000

3,868 SF

View details

Mixed-Use Flex Space with Warehouse

2401 Hickman Road, Des Moines, IA 50310

$1,335,000

15,547 SF

View details

Heavy Industrial Warehouse with Office

4485 Northeast 22nd Street, Des Moines, IA 50313

$2,150,000

10,500 SF

View details

Automotive Property With Attached Shop

4106 14th, Des Moines, IA 50313

$849,000

2,568 SF

View details

Animal Medical Office

4520 Merle Hay Rd, Des Moines, IA 50310

$625,000

2,250 SF

View details

Turnkey Bank in Thriving District

2805 Beaver Ave |, Des Moines, IA 50310

$1,510,000

5,000 SF

View details

Day Care Center with Martial Arts Studio

606 E Army Post Rd, Des Moines, IA 50315

$1,600,000

16,160 SF

View details

Industrial Flex Building with Crane

700 New York Avenue, Des Moines, IA 50313

$4,200,000

36,430 SF

View details

Church and Community Facility

3023 29th Street, Des Moines, IA 50317

$474,900

4,282 SF

View details

Flex Space with Warehouse

2401 Hickman Road, Des Moines, IA 50310

$1,335,000

1.86 Acres

View details

Warehouse Condominium with Mezzanine Office

7640 SW 22nd Street 105 & 106, Des Moines, IA 50312

$595,000

3,000 SF

View details

Office Building with 2025 Roof HVAC

2301 Rittenhouse Street, Des Moines, IA 50321

$3,275,000

29,408 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - 61-stall parking garage near Court Avenue District and skywalk.

Where is this commercial land located?

The property is located at 218 4th Street Des Moines, IA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Income‑producing 61‑stall parking garage; Potential high‑rise development opportunity; Connected to skywalk via Kirwood Commons