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Downtown Office Tower with Retail

666 Grand Ave, Des Moines, IA 50309

For Lease
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34-floor office building offering flexible floor plates and street-level plus skywalk-level retail space.

Space Size120,643 SF
Days on Market1869

Property Features for 666 Grand Ave

General Information

Standard status Active
Size 120,643 SF
Property subtype OFFICE

Site & Location

Neighborhood Downtown Des Moines

Building Details

Stories 34
Tenancy Multi

Spaces For Lease

at 666 Grand Ave
Ruan Center Office for Lease AVAILABLE, Now
Size 120,643 SF
Type OFFICE
Sublease No
The Ruan Center has been a fixture on the Des Moines skyline for decades. Built and owned by the Ruan family, it contains 460,000 sf of office space on 34 floors. With floor plates of 13,950 s.f., the Ruan Center can accommodate a range of tenant sizes. There is also street-level and skywalk level retail space.
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Listing Agency: Peter Brown Commercial Real Estate
Listed By: Peter Brown · License IA S28799000
Source: Moodyscre
Added: Sep 28, 2021 Changed: Nov 1 Last Checked: Nov 8 at 7:30AM

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 Peter Brown Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

The Ruan Center is a 34-floor office building totaling 460,000 square feet of office space. Tenant floor plates are sized at 13,950 square feet, supporting a range of office footprints. In addition to office space, the building includes retail at both street level and skywalk level.

Situated at 666 Grand Ave in Des Moines, the property’s combination of office floors and two levels of retail offers convenient access for building occupants and visitors.

With substantial total size and defined floor plate dimensions, the Ruan Center provides a straightforward, scalable option for office users seeking a high-rise configuration along with on-site retail amenities.

Key Highlights

  • 460,000 SF office building on 34 floors, built and owned by the Ruan family
  • Flexible tenant sizing with 13,950 SF floor plates
  • Street‑level retail space plus skywalk‑level retail space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Berkshire Hathaway Energy Electric Utility Company Iowa Dental Association Association / Organization Paul Rosenberg, P.C. Law Firm Ruan Center Business Service Center Lambert Transfer Co Trucking Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Butcher Furniture & Home Goods Fish Market

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,526
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Des Moines, IA

$17.94 /SF/Yr
Avg Asking Price
$16–$20 /SF/Yr
Price Range
24,586 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office buildings in Des Moines, IA

$17.44 Jul
$16.71 Aug
$17 Sep
$18.35 Oct

Properties on Market for Office buildings in Des Moines

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023
20% 2024
16.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - 34-floor office building offering flexible floor plates and street-level plus skywalk-level retail space.
Where is this office building located?
The property is located at 666 Grand Ave Des Moines, IA.
What are key features of this property?
This property features: 460,000 SF office building on 34 floors, built and owned by the Ruan family; Flexible tenant sizing with 13,950 SF floor plates; Street‑level retail space plus skywalk‑level retail space
(515) 778-6480 Call to check price and availability
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