Class A Office and Retail
For Lease
Contact for pricing
400 Locust St, Des Moines, IA 50309
Eight-story building offers versatile office and retail space with an open atrium design and multiple skywalk access points.
Property Size3,509 SF
Days on Market2088
Property Features for 400 Locust St
General Information
Standard status
Active
Size
3,509 SF
Class
A
Property subtype
OFFICE
Lease Type
SF/yr
Amenities
open atrium design
natural light
versatile floor plates
downtown views
skywalk access
community amenities
retail opportunities
grade level access to plaza
five night janitorial services
multiple fiber optic providers
tenant controlled HVAC
full service building conference center
US Postal Service on site
Ricochet Game Lounge
beautiful window line
multiple skywalk access points
24 hour security on-site
Building Details
Stories
8
Tenancy
Multi
Listing Agency:
CBRE
(515) 865-2985
Listed By:
Tyler Dingel · License #S56502000
(515) 865-2985
Source:
Moodyscre
Added: Nov 12, 2020
Changed: Jul 25
Last Checked: Jul 31 at 12:14PM
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
Investment Insights
Based on property information with market context.
Capital Square is an eight-story Class A office and retail building featuring an open atrium design that brings natural light throughout the property. Floor plates are described as versatile and substantial, supporting office and retail opportunities for a range of space sizes. The building also offers professional conference-center space available to tenants and visitors, tenant-controlled HVAC, and on-site US Postal Service.
The property provides multiple access points to the Des Moines Skywalk System, along with street and skywalk level retail opportunities off Walnut and Locust Streets. It is described as adjacent to and part of Cowles Commons, with grade-level access to the renovated plaza and community events.
Other noted amenities include five-night janitorial services, 24-hour security on-site, multiple fiber optic service providers, and underground reserved parking leased per 1/4,000 RSF. Tenants are responsible for separately metered lighting and wall socket electric.
The property provides multiple access points to the Des Moines Skywalk System, along with street and skywalk level retail opportunities off Walnut and Locust Streets. It is described as adjacent to and part of Cowles Commons, with grade-level access to the renovated plaza and community events.
Other noted amenities include five-night janitorial services, 24-hour security on-site, multiple fiber optic service providers, and underground reserved parking leased per 1/4,000 RSF. Tenants are responsible for separately metered lighting and wall socket electric.
Key Highlights
- Eight‑story Class A office and retail building in downtown Des Moines with open atrium design
- Office space available from 1,000 to 80,000 RSF +/- with versatile floor plates
- Multiple access points to the Des Moines Skywalk System plus street‑level retail off Walnut and Locust Streets
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.46 /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
$17.44 /SF/Yr
Avg Asking Price
$9–$24.95 /SF/Yr
Price Range
58,674 SF
Avg Space Size
This space is priced 44% below the average of $17.44 /SF/Yr.
Vacancy Rate% for Office in Des Moines, IA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Eight-story building offers versatile office and retail space with an open atrium design and multiple skywalk access points.
Where is this office building located?
The property is located at 400 Locust St Des Moines, IA.
What is the lease rate?
The lease rate is $9.75 SF/Yr.
What are key features of this property?
This property features: Eight‑story Class A office and retail building in downtown Des Moines with open atrium design; Office space available from 1,000 to 80,000 RSF +/- with versatile floor plates; Multiple access points to the Des Moines Skywalk System plus street‑level retail off Walnut and Locust Streets
