61-Stall Parking
For Sale
$1,200,000
218 4th Street, Des Moines, IA 50309
CommercialSale, Des Moines, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market593
Property Features for 218 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Lot features
Rectangular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
At Exit 8A, head right on the ramp for 3rd st toward Downtown Des Moines / Iowa Events Center / MERCY Keep left, heading toward 2nd Ave / lowa State Center Turn right onto 3rd st Turn right onto Walnut St Turn left onto 4th st Arrive at 4th st on the left
Subdivision
Downtown
Standard status
Active
APN
02001266000000
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
LOT 10 BLK 21 FORT DES MOINES
Tax Annual Amount
19059
Legal Description
LOT 10 BLK 21 FORT DES MOINES
Building Details
Year built
1930
Building materials
Brick, MetalSiding
Listing Agency:
EXIT Realty & Associates
(515) 253-3948
Listed By:
Timothy Schutte
(515) 681-5677
Added: Jan 13, 2025
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 710092
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1930 parking garage contains 26,733 square feet across two floors above grade and one below-grade level. The structure includes brick and metal siding, with 61 parking stalls currently in place. The property occupies a 0.203-acre site measuring 67 by 132 feet and carries C-3 zoning.
Located at 218 4th Street in downtown Des Moines, the garage sits between the former Java Joes Coffee location and the Historic Hotel Kirkwood. A master lease with the Kirkwood HOA provides an existing income component. The property can be evaluated for continued parking use, building repurposing, or redevelopment based on the existing structure and site dimensions.
Located at 218 4th Street in downtown Des Moines, the garage sits between the former Java Joes Coffee location and the Historic Hotel Kirkwood. A master lease with the Kirkwood HOA provides an existing income component. The property can be evaluated for continued parking use, building repurposing, or redevelopment based on the existing structure and site dimensions.
Key Highlights
- 61 parking stalls currently in place
- 26,733 SF garage with two floors above grade and 1 below
- 0.203‑acre site measuring 67x132
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,107
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Downtown garage with an existing master lease and redevelopment flexibility.
Where is this parking lot & garage 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: 61 parking stalls currently in place; 26,733 SF garage with two floors above grade and 1 below; 0.203‑acre site measuring 67x132
