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Seven-Story Mixed-Use Property
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603 E 3rd Street, Des Moines, IA 50309

Apartment residences and street-level retail create an integrated live-work setting with contemporary amenities.

Space SizeContact for details
Days on Market3

Property Features for 603 E 3rd Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE
Listed By: Blake Bogenrief · License #F03815000
Source: Cbre
Added: Aug 14 Changed: Aug 15 Last Checked: Aug 16 at 8:18AM

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.

This seven-story mixed-use property combines 161 apartment homes with nearly 6,000 square feet of street-level boutique retail. Residential options include studios, one-bedroom homes, and two-bedroom homes, along with upper-floor residences offering skyline views. The property also includes a fitness center, outdoor entertainment areas, underground parking, electric vehicle charging stations, and a private dog park.

Located at 603 E 3rd Street in Des Moines, the property is situated in the Upper East Village. Its combination of residential space, retail frontage, and resident amenities supports a live-work format within the neighborhood.

Key Highlights

  • Seven‑story mixed‑use property with 161 apartment homes
  • Nearly 6,000 square feet of street‑level boutique retail space
  • Studio, one‑bedroom, and two‑bedroom apartment homes

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Fish Market Grocery & Convenience Store Acupuncture

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

Location Intelligence

Trade Area within ½ mile

2,696
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Apartment residences and street-level retail create an integrated live-work setting with contemporary amenities.
Where is this mixed-use property located?
The property is located at 603 E 3rd Street Des Moines, IA.
What are key features of this property?
This property features: Seven‑story mixed‑use property with 161 apartment homes; Nearly 6,000 square feet of street‑level boutique retail space; Studio, one‑bedroom, and two‑bedroom apartment homes
More about this property
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