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    1301 Mulberry St Des Moines, IA 50309

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Des Moines retail, 2 spaces available. Modern, 5-story building.

    Lot size:
    64,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Deco, a brand-new Class A, five-story building (64,000 total square feet) in Des Moines, IA, offers exceptional retail opportunities. Completed in 2024, this development boasts a prime location at 1301 Mulberry St, near Mulberry Street, in Polk County, zip code 50309. Two retail spaces are currently available, ranging from 2,093 to 4,972 square feet, ideal for restaurants, boutiques, breakfast cafes, or fitness studios. The building is part of a vibrant mixed-use development, including 80 apartments, creating a bustling atmosphere and high foot traffic. Its central downtown location provides easy access to a diverse range of amenities and a significant workforce. This is a unique chance to establish a business within a thriving, upscale community in a rapidly growing city. The building features a total of 5,738 square feet of prime retail space, offering excellent visibility and accessibility. The Deco represents a sophisticated and modern commercial space in the heart of Des Moines' dynamic downtown area. This is a multi-tenant building.

    Property Features for 1301 Mulberry St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,000 SF
    Class
    A
    Total Rate
    106666.67

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite B
    Size
    4,972 SF
    Rate per SF
    $20
    Space
    Suite A
    Size
    2,093 SF
    Rate per SF
    $20

    HighLights

    • Brand new, five‑story, 64,000 square foot Class A building in Des Moines, IA, completed in 2024.
    • Two available retail spaces ranging from 2,093 to 4,972 square feet, ideal for various uses.
    • Prime downtown location at 1301 Mulberry St, near major employers including Nationwide and Wellmark, with over 4,300 employees nearby.
    • Parking available via street spaces and nearby ramps, including the Nationwide Insurance Headquarters ramp (0.1 mile away).
    • Building includes 80 apartments, creating high foot traffic.
    • Generous tenant improvement allowance available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.633752118225
    Latitude
    41.58297548827

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    FAQs

    What type of property is this?
    Restaurant - Prime Des Moines retail, 2 spaces available. Modern, 5-story building.
    Where is this restaurant located?
    The property is located at 1301 Mulberry St Des Moines, IA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Brand new, five-story, 64,000 square foot Class A building in Des Moines, IA, completed in 2024.; Two available retail spaces ranging from 2,093 to 4,972 square feet, ideal for various uses.; Prime downtown location at 1301 Mulberry St, near major employers including Nationwide and Wellmark, with over 4,300 employees nearby.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301 Mulberry St Des Moines, IA 50309
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