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Retail Space in Ponderosa Village
For Lease
$21 SF/Yr

440 Fairway Drive, West Des Moines, IA 50266

5,852 SF retail space in high-end Ponderosa Village.

Space Size2,386 SF - 5,852 SF
Property Size18,000 SF
Days on Market201

Property Features for 440 Fairway Drive

General Information

Standard status Active
Size 2,386 SF - 5,852 SF
Class A
Property subtype Office
Lease Term NNN

Building Details

Building Size 18,000 SF
Year Built 2007

Spaces For Lease

at 440 Fairway Drive Contact us

Suite 100 $21/SF/Yr

Size
5,852 SF
Term
Negotiable
Contact us

Suite 110 $21/SF/Yr

Size
2,386 SF
Term
Negotiable
Contact us
Listing Agency: SVN | CREATE Commercial Real Estate Advisors
Listed By: Nora Walsh · License #IA #S66842000
Source: Svn
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 16 at 4:43AM

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 SVN | CREATE Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

This 5,852 SF ground floor retail space is located in the high-end Village of Ponderosa development. The space, formerly a salon, features a partly open floor plan with a front reception and waiting area, as well as several private rooms with sinks. The property is situated just east of the intersection at S 60th St and Village View Drive, at 440 Fairway Dr, in a high-income neighborhood with many surrounding professional services and retailers. The office building overlooks a water feature with its brick and glass exterior. Nearby tenants include Embassy Club, Des Moines Children's Dentistry, Iowa Association of Realtors, Morgan Stanley, and Suncrest Home Health & Hospice. The property features an attractive, modern brick facade and is located 1 mile from Jordan Creek Mall. The building and parking lot are in great condition and easily accessible, with a strong number of nearby retail trade businesses and residential areas.

Key Highlights

  • Located in the high‑end Village of Ponderosa development in a high‑income neighborhood.
  • 5,852 SF ground floor retail space with a partly open floor plan.
  • Former salon availability with front reception/waiting area and private rooms with sinks.

Property Analytics

Current Use

Gourley, Rehkemper & Lindholm ... Law Firm Matthew T. Lindholm Law Firm Robert G. Rehkemper Law Firm Grant C. Gangestad Law Firm Scott A. Michels Law Firm

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Kitchen & Bath Showroom Auto Parts Store Storage Facility

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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,195
Businesses Nearby

Demographics for 50266, IA

36,486
Population
18,481
Households
2
Avg Household Size
34
Median Age
60%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
1,636
Density / Sq Mi
$85,282
Median Household Income
$53,306
Median Earnings
$1,285
Median Rent
$325,100
Median Home Value

Market

Lease Benchmarks for West Des Moines, IA

$17.83 /SF/Yr
Avg Asking Price
$14–$21 /SF/Yr
Price Range
6,363 SF
Avg Space Size

This space is priced 18% above the average of $17.83 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 5,852 SF retail space in high-end Ponderosa Village.
Where is this retail space located?
The property is located at 440 Fairway Drive West Des Moines, IA.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Located in the high‑end Village of Ponderosa development in a high‑income neighborhood.; 5,852 SF ground floor retail space with a partly open floor plan.; Former salon availability with front reception/waiting area and private rooms with sinks.
More about this property
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