Downtown Parking Garage
For Sale
Contact for pricing
500 Grand Ave, Des Moines, IA 50309
Eight-level above-ground parking garage includes commercial space totaling 675 stalls and 51,419 rentable square feet.
Property SizeContact for details
Days on Market123
Property Features for 500 Grand Ave
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
CBRE - Des Moines
(515) 745-5113
Listed By:
Jon Ledinsky · License #IA S44423000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 4:48AM
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.
This eight-level, above-ground parking garage offers 675 parking stalls and includes 51,419 rentable square feet of commercial space. The property is presented as a for-sale investment and includes on-site commercial space alongside the structured parking operation.
Located at 500 Grand Avenue in the heart of the Downtown Des Moines Central Business District, the building is home to ARAG Insurance Company’s United States headquarters.
The asset’s configuration combines structured parking with dedicated commercial space, supporting a mixed parking and office-style income stream under a single ownership structure.
Located at 500 Grand Avenue in the heart of the Downtown Des Moines Central Business District, the building is home to ARAG Insurance Company’s United States headquarters.
The asset’s configuration combines structured parking with dedicated commercial space, supporting a mixed parking and office-style income stream under a single ownership structure.
Key Highlights
- Eight‑level, above‑ground parking garage at 500 Grand Avenue, Des Moines, IA
- Includes 675 parking stalls
- Features 51,419 rentable square feet of commercial space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,296
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
Market
Vacancy Rate% for Office in Des Moines, IA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Enterprise Rent-A-Car — 200 SE 6th St, Des Moines, IA 50309
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Eight-level above-ground parking garage includes commercial space totaling 675 stalls and 51,419 rentable square feet.
Where is this parking lot & garage located?
The property is located at 500 Grand Ave Des Moines, IA.
What are key features of this property?
This property features: Eight‑level, above‑ground parking garage at 500 Grand Avenue, Des Moines, IA; Includes 675 parking stalls; Features 51,419 rentable square feet of commercial space
