Class A Office Retail
For Lease
$9 SF/Yr
400 Locust Street, Des Moines, IA 50309
Eight-story Class A office and retail building in downtown Des Moines.
Space SizeContact for details
Days on Market158
Property Features for 400 Locust Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
CBRE - Des Moines
(515) 865-2985
Listed By:
Tyler Dingel · License #S56502000
(515) 865-2985
Source:
Cbre
Added: Mar 25
Changed: Aug 14
Last Checked: Aug 29 at 7:12AM
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
Investment Insights
Based on property information with market context.
Capital Square is an eight-story Class A office and retail building located in the heart of downtown Des Moines. The building's open atrium design provides an abundance of natural light, versatile and substantial floor plates, and downtown views. This Class A building offers a unique opportunity to a variety of office and retail users. The property provides multiple access points to the Des Moines Skywalk System and community amenities, with street and skywalk level retail opportunities available off Walnut and Locust Streets. Adjacently located to Cowles Commons, the building has grade level access to the renovated plaza and its community events. The property offers versatile office and retail space for a variety of users and sizes. Five night janitorial services are provided. Multiple fiber optic service providers serve the building. A full-service building conference center is available to tenants and visitors. The property has a total size of 158557 square feet.
Key Highlights
- Class A office and retail building in the heart of downtown Des Moines.
- Open atrium design provides significant natural light.
- Multiple access points to the Des Moines Skywalk System.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
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
Lease Benchmarks for Des Moines, IA
$17.74 /SF/Yr
Avg Asking Price
$9–$24.95 /SF/Yr
Price Range
40,244 SF
Avg Space Size
This space is priced 49% below the average of $17.74 /SF/Yr.
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 - Eight-story Class A office and retail building in downtown Des Moines.
Where is this office building located?
The property is located at 400 Locust Street Des Moines, IA.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Class A office and retail building in the heart of downtown Des Moines.; Open atrium design provides significant natural light.; Multiple access points to the Des Moines Skywalk System.
